SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Short Interest Update

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 33,931 shares, a decline of 46.0% from the February 12th total of 62,852 shares. Based on an average daily volume of 63,367 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.9% of the company’s stock are sold short. Currently, 0.9% of the company’s stock are sold short. Based on an average daily volume of 63,367 shares, the days-to-cover ratio is presently 0.5 days.

SP Funds S&P World (ex-US) ETF Stock Down 0.6%

Shares of SPWO traded down $0.16 during midday trading on Friday, reaching $28.31. 158,810 shares of the stock were exchanged, compared to its average volume of 67,131. SP Funds S&P World has a 12-month low of $19.15 and a 12-month high of $31.68. The firm has a 50 day simple moving average of $29.62 and a 200-day simple moving average of $27.70. The company has a market cap of $107.58 million, a price-to-earnings ratio of 21.74 and a beta of 0.67.

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

The company also recently disclosed a monthly dividend, which was paid on Monday, February 23rd. Investors of record on Friday, February 20th were issued a $0.0255 dividend. The ex-dividend date was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 1.1%.

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

Institutional investors have recently added to or reduced their stakes in the business. Pacific Center for Financial Services bought a new position in shares of SP Funds S&P World (ex-US) ETF during the 2nd quarter valued at $38,000. Farther Finance Advisors LLC bought a new stake in SP Funds S&P World (ex-US) ETF in the fourth quarter worth $52,000. CWM LLC boosted its holdings in SP Funds S&P World (ex-US) ETF by 278.2% in the third quarter. CWM LLC now owns 5,129 shares of the company’s stock worth $137,000 after purchasing an additional 3,773 shares in the last quarter. Strengthening Families & Communities LLC increased its position in SP Funds S&P World (ex-US) ETF by 243.6% during the fourth quarter. Strengthening Families & Communities LLC now owns 6,955 shares of the company’s stock worth $190,000 after buying an additional 4,931 shares during the last quarter. Finally, Mariner LLC acquired a new position in SP Funds S&P World (ex-US) ETF during the fourth quarter worth $269,000.

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.