SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) Stock Short Interest Report for October

SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 61,893 shares, an increase of 210.4% from the September 30th total of 19,938 shares. Currently, 1.1% of the company’s shares are short sold. Based on an average daily trading volume, of 60,257 shares, the days-to-cover ratio is presently 1.0 days.

SP Funds S&P Global Technology ETF Stock Performance

Shares of SPTE opened at $48.48 on Thursday. The company has a market capitalization of $263.25 million, a price-to-earnings ratio of 34.36 and a beta of 1.57. The company’s 50 day simple moving average is $48.40 and its 200 day simple moving average is $43.41. SP Funds S&P Global Technology ETF has a 1 year low of $32.74 and a 1 year high of $52.38.

SP Funds S&P Global Technology ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Tuesday, October 27th were issued a $0.0065 dividend. The ex-dividend date was Tuesday, October 27th. This represents a $0.08 annualized dividend and a yield of 0.2%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. TD Waterhouse Canada Inc. increased its stake in SP Funds S&P Global Technology ETF by 8.9% in the third quarter. TD Waterhouse Canada Inc. now owns 63,951 shares of the company’s stock valued at $3,222,000 after purchasing an additional 5,227 shares during the last quarter. RFG Advisory LLC lifted its position in SP Funds S&P Global Technology ETF by 79.1% during the second quarter. RFG Advisory LLC now owns 29,661 shares of the company’s stock worth $1,447,000 after buying an additional 13,102 shares during the period. Farther Finance Advisors LLC boosted its stake in SP Funds S&P Global Technology ETF by 9.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 23,034 shares of the company’s stock worth $1,152,000 after buying an additional 2,033 shares during the last quarter. Cetera Investment Advisers acquired a new stake in SP Funds S&P Global Technology ETF in the 1st quarter worth about $768,000. Finally, Strengthening Families & Communities LLC boosted its stake in SP Funds S&P Global Technology ETF by 8.9% in the 2nd quarter. Strengthening Families & Communities LLC now owns 7,423 shares of the company’s stock worth $362,000 after buying an additional 609 shares during the last quarter.

About SP Funds S&P Global Technology ETF

The SP Funds S&P Global Technology ETF (SPTE) is an exchange-traded fund that mostly invests in information technology equity. The fund is a passively managed fund, investing in global technology firms adhering to Shariah investment principles. Stocks selected for the portfolio are weighted based on market-cap SPTE was launched on Nov 30, 2023 and is issued by SP Funds.