SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS – Get Free Report) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 106,183 shares, a decline of 58.7% from the September 15th total of 257,142 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 403,654 shares, the short-interest ratio is presently 0.3 days.
Hedge Funds Weigh In On SP Funds S&P 500 Sharia Industry Exclusions ETF
Large investors have recently made changes to their positions in the company. Operose Advisors LLC acquired a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF during the 2nd quarter worth approximately $33,000. Evansbrook LLC bought a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF in the 1st quarter valued at $243,000. Finally, Atomic Invest LLC boosted its stake in SP Funds S&P 500 Sharia Industry Exclusions ETF by 9.5% in the 2nd quarter. Atomic Invest LLC now owns 16,630 shares of the company’s stock valued at $943,000 after purchasing an additional 1,436 shares during the period.
SP Funds S&P 500 Sharia Industry Exclusions ETF Stock Performance
SPUS traded down $0.92 on Wednesday, reaching $59.61. The company had a trading volume of 352,676 shares, compared to its average volume of 524,753. The stock has a market cap of $3.33 billion, a P/E ratio of 30.44 and a beta of 1.09. SP Funds S&P 500 Sharia Industry Exclusions ETF has a fifty-two week low of $46.43 and a fifty-two week high of $61.42. The company’s fifty day moving average is $59.20 and its 200 day moving average is $56.64.
SP Funds S&P 500 Sharia Industry Exclusions ETF Dividend Announcement
About SP Funds S&P 500 Sharia Industry Exclusions ETF
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.
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