SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Sees Large Growth in Short Interest

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 62,852 shares, an increase of 174.4% from the January 29th total of 22,903 shares. Based on an average trading volume of 70,222 shares, the short-interest ratio is presently 0.9 days. Approximately 1.7% of the shares of the stock are short sold. Approximately 1.7% of the shares of the stock are short sold. Based on an average trading volume of 70,222 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of SP Funds S&P World (ex-US) ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mariner LLC acquired a new position in shares of SP Funds S&P World (ex-US) ETF during the 4th quarter valued at about $269,000. Goldman Sachs Group Inc. purchased a new position in SP Funds S&P World (ex-US) ETF during the fourth quarter worth about $367,000. Strengthening Families & Communities LLC boosted its holdings in SP Funds S&P World (ex-US) ETF by 243.6% in the 4th quarter. Strengthening Families & Communities LLC now owns 6,955 shares of the company’s stock valued at $190,000 after purchasing an additional 4,931 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in SP Funds S&P World (ex-US) ETF by 65.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 81,293 shares of the company’s stock valued at $2,215,000 after acquiring an additional 32,030 shares during the last quarter. Finally, CWM LLC increased its position in shares of SP Funds S&P World (ex-US) ETF by 31.4% during the 4th quarter. CWM LLC now owns 6,737 shares of the company’s stock worth $184,000 after purchasing an additional 1,608 shares during the last quarter.

SP Funds S&P World (ex-US) ETF Stock Down 0.2%

SPWO traded down $0.05 during trading on Friday, reaching $31.24. The company’s stock had a trading volume of 40,222 shares, compared to its average volume of 62,629. The firm has a fifty day simple moving average of $29.27 and a two-hundred day simple moving average of $27.39. SP Funds S&P World has a 1 year low of $19.15 and a 1 year high of $31.68. The company has a market cap of $118.71 million, a price-to-earnings ratio of 21.74 and a beta of 0.67.

SP Funds S&P World (ex-US) ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, February 23rd. Investors of record on Friday, February 20th were given a dividend of $0.0255 per share. The ex-dividend date was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 1.0%.

SP Funds S&P World (ex-US) ETF Company Profile

The SP Funds S&P World (ex-US) ETF (SPWO) is an exchange-traded fund that is based on the S&P DM Ex-U.S. & EM 50/50 Shariah index. The fund tracks an index of 500 Sharia-compliant companies from developed and emerging markets outside the US. Holdings are modified market cap-weighted SPWO was launched on Dec 19, 2023 and is issued by SP Funds.