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

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 79,106 shares, a growth of 63.4% from the July 15th total of 48,400 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 229,998 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of SP Funds Dow Jones Global Sukuk ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Strategic Blueprint LLC increased its holdings in shares of 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 valued at $224,000 after acquiring an additional 601 shares during the last quarter. DGS Capital Management LLC lifted its stake in SP Funds Dow Jones Global Sukuk ETF by 3.0% during 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 last quarter. Finally, Farther Finance Advisors LLC lifted its stake in SP Funds Dow Jones Global Sukuk ETF by 10.0% during the fourth 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 Stock Performance

Shares of SP Funds Dow Jones Global Sukuk ETF stock traded down $0.01 during trading on Monday, reaching $17.92. The company had a trading volume of 306,219 shares, compared to its average volume of 288,750. The firm’s fifty day moving average is $17.94 and its 200-day moving average is $18.04. SP Funds Dow Jones Global Sukuk ETF has a fifty-two week low of $17.76 and a fifty-two week high of $18.71.

SP Funds Dow Jones Global Sukuk ETF Company Profile

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.