SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO – Get Free Report) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 21,249 shares, a drop of 86.4% from the June 15th total of 156,784 shares. Based on an average daily trading volume, of 56,876 shares, the short-interest ratio is presently 0.4 days. Currently, 0.4% of the company’s stock are sold short.
SP Funds S&P World (ex-US) ETF Price Performance
Shares of SPWO stock traded down $0.06 during trading hours on Friday, reaching $33.37. The company had a trading volume of 47,608 shares, compared to its average volume of 62,281. The company has a market cap of $197.88 million, a price-to-earnings ratio of 21.74 and a beta of 0.89. SP Funds S&P World has a 12 month low of $23.86 and a 12 month high of $35.46. The business has a fifty day simple moving average of $33.43 and a 200-day simple moving average of $30.77.
Institutional Investors Weigh In On SP Funds S&P World (ex-US) ETF
Several large investors have recently made changes to their positions in SPWO. Shariaportfolio Inc. increased its holdings in SP Funds S&P World (ex-US) ETF by 5.8% during the fourth quarter. Shariaportfolio Inc. now owns 809,269 shares of the company’s stock worth $22,093,000 after buying an additional 44,677 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in shares of SP Funds S&P World (ex-US) ETF by 65.0% during the 4th 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 period. Susquehanna International Group LLP bought a new position in shares of SP Funds S&P World (ex-US) ETF during the 3rd quarter valued at approximately $761,000. Tidal Investments LLC increased its stake in shares of SP Funds S&P World (ex-US) ETF by 106.2% during the 2nd quarter. Tidal Investments LLC now owns 48,508 shares of the company’s stock worth $1,184,000 after purchasing an additional 24,978 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in shares of SP Funds S&P World (ex-US) ETF by 105.9% during the 1st quarter. Jane Street Group LLC now owns 34,845 shares of the company’s stock worth $765,000 after purchasing an additional 17,925 shares during the last quarter.
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.
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