SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO – Get Free Report) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 19,766 shares, a decline of 48.3% from the July 15th total of 38,214 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 59,155 shares, the days-to-cover ratio is currently 0.3 days.
SP Funds S&P World (ex-US) ETF Price Performance
Shares of NYSEARCA:SPWO traded down $0.19 on Friday, reaching $33.79. The company’s stock had a trading volume of 51,803 shares, compared to its average volume of 61,216. SP Funds S&P World has a 52-week low of $24.35 and a 52-week high of $35.46. The stock has a market capitalization of $207.81 million, a P/E ratio of 21.74 and a beta of 0.93. The stock’s 50-day moving average is $33.11 and its two-hundred day moving average is $31.53.
Institutional Trading of SP Funds S&P World (ex-US) ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in SPWO. TD Waterhouse Canada Inc. increased its holdings in shares of SP Funds S&P World (ex-US) ETF by 65.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 81,293 shares of the company’s stock valued at $2,215,000 after purchasing an additional 32,030 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of SP Funds S&P World (ex-US) ETF during the fourth quarter worth $367,000. Susquehanna International Group LLP acquired a new stake in shares of SP Funds S&P World (ex-US) ETF during the third quarter worth $761,000. Lido Advisors LLC purchased a new position in SP Funds S&P World (ex-US) ETF in the 3rd quarter valued at $306,000. Finally, Citadel Advisors LLC purchased a new position in SP Funds S&P World (ex-US) ETF in the 3rd quarter valued at $278,000.
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.
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