SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) Sees Large Growth in Short Interest

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 96,149 shares, a growth of 464.6% from the February 12th total of 17,029 shares. Based on an average trading volume of 235,940 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the company’s shares are sold short. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 235,940 shares, the days-to-cover ratio is currently 0.4 days.

SP Funds Dow Jones Global Sukuk ETF Stock Performance

NYSEARCA:SPSK traded down $0.08 during trading hours on Thursday, hitting $18.03. The company had a trading volume of 162,967 shares, compared to its average volume of 255,016. The stock has a 50-day moving average price of $18.25 and a 200 day moving average price of $18.44. SP Funds Dow Jones Global Sukuk ETF has a 52 week low of $17.75 and a 52 week high of $18.71.

SP Funds Dow Jones Global Sukuk ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, February 23rd. Stockholders of record on Friday, February 20th were given a $0.052 dividend. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, February 20th.

Hedge Funds Weigh In On SP Funds Dow Jones Global Sukuk ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Heartwood Wealth Advisors LLC raised its stake in SP Funds Dow Jones Global Sukuk ETF by 5.9% in the third quarter. Heartwood Wealth Advisors LLC now owns 16,242 shares of the company’s stock worth $300,000 after buying an additional 903 shares in the last quarter. Farther Finance Advisors LLC boosted its position in SP Funds Dow Jones Global Sukuk ETF by 11.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 38,268 shares of the company’s stock valued at $707,000 after acquiring an additional 4,080 shares in the last quarter. Finally, Strategic Blueprint LLC boosted its position in SP Funds Dow Jones Global Sukuk ETF by 7.7% during the 3rd quarter. Strategic Blueprint LLC now owns 11,663 shares of the company’s stock valued at $216,000 after acquiring an additional 837 shares in the last quarter.

SP Funds Dow Jones Global Sukuk ETF Company Profile

The SP Funds Dow Jones Global Sukuk ETF (SPSK) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated global investment-grade sukuk of various maturities and weighted by market value. SPSK was launched on Dec 30, 2019 and is managed by SP Funds.