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

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 80,208 shares, a decline of 54.4% from the September 30th total of 175,749 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 246,864 shares, the short-interest ratio is presently 0.3 days.

SP Funds Dow Jones Global Sukuk ETF Stock Up 0.1%

SP Funds Dow Jones Global Sukuk ETF stock traded up $0.02 during mid-day trading on Friday, reaching $17.54. 157,913 shares of the company traded hands, compared to its average volume of 327,622. The firm’s 50 day moving average price is $17.61 and its 200 day moving average price is $17.94. SP Funds Dow Jones Global Sukuk ETF has a 52-week low of $17.30 and a 52-week high of $18.65.

SP Funds Dow Jones Global Sukuk ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Tuesday, October 27th were given a $0.0520 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, October 27th.

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

A hedge fund recently raised its position in SP Funds Dow Jones Global Sukuk ETF stock. Heartwood Wealth Advisors LLC grew its stake in shares of SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) by 4.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,713 shares of the company’s stock after purchasing an additional 925 shares during the period. Heartwood Wealth Advisors LLC owned approximately 0.08% of SP Funds Dow Jones Global Sukuk ETF worth $377,000 as of its most recent SEC filing.

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.