SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Stock Short Interest Rises 82.6%

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 239,246 shares, an increase of 82.6% from the August 31st total of 130,990 shares. Based on an average trading volume of 65,114 shares, the days-to-cover ratio is currently 3.7 days. Approximately 2.4% of the shares of the stock are short sold.

SP Funds S&P Global REIT Sharia ETF Price Performance

SPRE stock traded down $0.33 during midday trading on Thursday, reaching $18.62. 48,460 shares of the stock were exchanged, compared to its average volume of 73,828. SP Funds S&P Global REIT Sharia ETF has a 52 week low of $18.58 and a 52 week high of $21.91. The company has a fifty day moving average price of $20.76 and a 200 day moving average price of $20.85. The stock has a market capitalization of $188.95 million, a PE ratio of 36.50 and a beta of 1.00.

SP Funds S&P Global REIT Sharia ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 28th were paid a dividend of $0.0670 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, September 28th.

SP Funds S&P Global REIT Sharia ETF Company Profile

The SP Funds S&P Global REIT Sharia ETF (SPRE) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a market-cap-weighted index of Shariah-compliant global REITs. SPRE was launched on Dec 30, 2020 and is managed by SP Funds.