SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) Shares Shorted: Short Interest Down 85.5% in September

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 18,593 shares, a drop of 85.5% from the August 31st total of 128,651 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 225,651 shares, the short-interest ratio is presently 0.1 days.

SP Funds Dow Jones Global Sukuk ETF Trading Up 0.5%

NYSEARCA:SPSK traded up $0.09 during midday trading on Friday, reaching $17.60. The company had a trading volume of 154,390 shares, compared to its average volume of 344,621. The stock’s fifty day simple moving average is $17.83 and its 200-day simple moving average is $17.94. SP Funds Dow Jones Global Sukuk ETF has a 12-month low of $17.47 and a 12-month high of $18.71.

SP Funds Dow Jones Global Sukuk ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, July 28th. Shareholders of record on Monday, July 27th were given a $0.0520 dividend. The ex-dividend date of this dividend was Monday, July 27th. This represents a $0.62 dividend on an annualized basis and a yield of 3.5%.

Hedge Funds Weigh In On SP Funds Dow Jones Global Sukuk ETF

A hedge fund recently raised its stake in SP Funds Dow Jones Global Sukuk ETF stock. DGS Capital Management LLC increased its position in shares of SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) by 3.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,505 shares of the company’s stock after buying an additional 789 shares during the period. DGS Capital Management LLC owned about 0.11% of SP Funds Dow Jones Global Sukuk ETF worth $492,000 at the end of the most recent reporting period.

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.