SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Sees Large Volume Increase – Here’s What Happened

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) shares saw strong trading volume on Tuesday . 996,122 shares traded hands during mid-day trading, an increase of 78% from the previous session’s volume of 560,266 shares.The stock last traded at $57.93 and had previously closed at $57.17.

SP Funds S&P 500 Sharia Industry Exclusions ETF Stock Performance

The company has a 50-day moving average of $57.04 and a 200 day moving average of $53.61. The firm has a market cap of $2.97 billion, a P/E ratio of 30.44 and a beta of 1.09.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP acquired a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the 2nd quarter valued at $1,674,000. Farther Finance Advisors LLC increased its position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 14.1% during the 4th quarter. Farther Finance Advisors LLC now owns 115,189 shares of the company’s stock worth $5,883,000 after purchasing an additional 14,261 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the 4th quarter worth about $102,000. Finally, Evansbrook LLC bought a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF during the 1st quarter valued at about $243,000.

SP Funds S&P 500 Sharia Industry Exclusions ETF Company Profile

The SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) is an exchange-traded fund that is based on the S&P 500 Shariah Industry Exclusions index. The fund tracks a market-cap weighted index of S&P 500 stocks that are Sharia-compliant. SPUS was launched on Dec 18, 2019 and is managed by SP Funds.