SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) Short Interest Update

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 171,844 shares, an increase of 110.2% from the April 30th total of 81,754 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average trading volume of 252,520 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of SP Funds Dow Jones Global Sukuk ETF

A number of hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position 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 valued at $769,000 after acquiring an additional 3,842 shares during the last quarter. DGS Capital Management LLC increased its position 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 valued at $492,000 after acquiring an additional 789 shares during the last quarter. Finally, Strategic Blueprint LLC increased its position in SP Funds Dow Jones Global Sukuk ETF by 5.2% during the fourth 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.

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 Tuesday, reaching $18.04. 511,677 shares of the stock traded hands, compared to its average volume of 282,734. SP Funds Dow Jones Global Sukuk ETF has a 12-month low of $17.76 and a 12-month high of $18.71. The business’s 50-day moving average is $18.00 and its 200-day moving average is $18.22.

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.