SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Short Interest Update

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totaling 55,783 shares, a drop of 27.9% from the December 15th total of 77,383 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average trading volume of 33,914 shares, the days-to-cover ratio is presently 1.6 days. Based on an average trading volume of 33,914 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.5% of the company’s stock are short sold.

SP Funds S&P World (ex-US) ETF Stock Down 0.1%

NYSEARCA SPWO traded down $0.02 on Friday, hitting $29.11. 37,320 shares of the stock were exchanged, compared to its average volume of 53,500. SP Funds S&P World has a fifty-two week low of $19.15 and a fifty-two week high of $29.31. The company has a 50-day moving average price of $27.29 and a 200-day moving average price of $26.24. The company has a market cap of $104.80 million, a PE ratio of 21.74 and a beta of 0.67.

SP Funds S&P World (ex-US) ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid a $0.0724 dividend. This is a boost from SP Funds S&P World (ex-US) ETF’s previous monthly dividend of $0.03. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, December 26th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Susquehanna International Group LLP purchased a new stake in SP Funds S&P World (ex-US) ETF during the third quarter worth approximately $761,000. Lido Advisors LLC purchased a new position in SP Funds S&P World (ex-US) ETF in the third quarter valued at approximately $306,000. Citadel Advisors LLC acquired a new stake in SP Funds S&P World (ex-US) ETF during the third quarter worth approximately $278,000. Shariaportfolio Inc. lifted its position in shares of SP Funds S&P World (ex-US) ETF by 4.9% during the 3rd quarter. Shariaportfolio Inc. now owns 764,592 shares of the company’s stock worth $20,376,000 after buying an additional 35,486 shares during the last quarter. Finally, RFG Advisory LLC boosted its holdings in shares of SP Funds S&P World (ex-US) ETF by 91.8% in the 3rd quarter. RFG Advisory LLC now owns 364,359 shares of the company’s stock valued at $9,710,000 after buying an additional 174,396 shares in the last quarter.

SP Funds S&P World (ex-US) ETF Company Profile

The SP Funds S&P World (ex-US) ETF (SPWO) is an exchange-traded fund that is based on the S&P DM Ex-U.S. & EM 50/50 Shariah index. The fund tracks an index of 500 Sharia-compliant companies from developed and emerging markets outside the US. Holdings are modified market cap-weighted SPWO was launched on Dec 19, 2023 and is issued by SP Funds.