Short Interest in SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) Declines By 89.6%

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 53,913 shares, a decrease of 89.6% from the May 31st total of 519,017 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 603,649 shares, the short-interest ratio is currently 0.1 days.

SP Funds Dow Jones Global Sukuk ETF Price Performance

Shares of SPSK remained flat at $18.00 during midday trading on Friday. The company’s stock had a trading volume of 88,646 shares, compared to its average volume of 304,762. The firm has a fifty day moving average of $18.03 and a 200 day moving average of $18.15. SP Funds Dow Jones Global Sukuk ETF has a 1 year low of $17.76 and a 1 year high of $18.71.

Institutional Investors Weigh In On SP Funds Dow Jones Global Sukuk ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in SP Funds Dow Jones Global Sukuk ETF by 10.0% in the 4th quarter. Farther Finance Advisors LLC now owns 42,110 shares of the company’s stock valued at $769,000 after acquiring an additional 3,842 shares in the last quarter. Strategic Blueprint LLC grew its stake in shares of SP Funds Dow Jones Global Sukuk ETF by 5.2% during the 4th quarter. Strategic Blueprint LLC now owns 12,264 shares of the company’s stock worth $224,000 after acquiring an additional 601 shares in the last quarter. Finally, DGS Capital Management LLC raised its holdings in shares of SP Funds Dow Jones Global Sukuk ETF by 3.0% in the first quarter. DGS Capital Management LLC now owns 27,505 shares of the company’s stock valued at $492,000 after purchasing an additional 789 shares during the last quarter.

About SP Funds Dow Jones Global Sukuk ETF

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.