SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK – Get Free Report) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 175,749 shares, a growth of 845.2% from the September 15th total of 18,593 shares. Based on an average trading volume of 1,319,321 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.7% of the company’s shares are sold short.
SP Funds Dow Jones Global Sukuk ETF Trading Down 0.1%
SPSK stock traded down $0.02 during midday trading on Friday, reaching $17.45. 114,939 shares of the company traded hands, compared to its average volume of 341,338. SP Funds Dow Jones Global Sukuk ETF has a 52-week low of $17.30 and a 52-week high of $18.71. The business has a 50 day moving average of $17.74 and a 200-day moving average of $17.90.
SP Funds Dow Jones Global Sukuk ETF Announces Dividend
The business also recently announced a monthly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 28th were issued a $0.0520 dividend. The ex-dividend date was Monday, September 28th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%.
Hedge Funds Weigh In On SP Funds Dow Jones Global Sukuk ETF
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.
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