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

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSKGet Free Report) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 48,400 shares, a drop of 41.3% from the June 30th total of 82,491 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 233,396 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of SP Funds Dow Jones Global Sukuk ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Strategic Blueprint LLC raised its holdings in SP Funds Dow Jones Global Sukuk ETF by 5.2% in 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 during the period. DGS Capital Management LLC increased its stake 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 worth $492,000 after purchasing an additional 789 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of SP Funds Dow Jones Global Sukuk ETF by 10.0% during the 4th quarter. Farther Finance Advisors LLC now owns 42,110 shares of the company’s stock worth $769,000 after purchasing an additional 3,842 shares during the last quarter.

SP Funds Dow Jones Global Sukuk ETF Trading Up 0.1%

NYSEARCA:SPSK traded up $0.02 during trading hours on Thursday, reaching $17.82. The company’s stock had a trading volume of 210,906 shares, compared to its average volume of 294,768. SP Funds Dow Jones Global Sukuk ETF has a one year low of $17.76 and a one year high of $18.71. The business’s 50-day moving average is $17.97 and its 200-day moving average is $18.07.

About SP Funds Dow Jones Global Sukuk ETF

(Get Free Report)

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.

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