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 increase in short interest in the month of July. As of July 15th, there was short interest totaling 38,214 shares, an increase of 79.8% from the June 30th total of 21,249 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 58,785 shares, the days-to-cover ratio is currently 0.7 days.

SP Funds S&P World (ex-US) ETF Price Performance

Shares of SP Funds S&P World (ex-US) ETF stock traded up $0.10 on Friday, hitting $32.04. 73,000 shares of the company’s stock traded hands, compared to its average volume of 61,756. The firm’s 50-day moving average price is $33.25 and its two-hundred day moving average price is $31.22. The stock has a market capitalization of $194.48 million, a PE ratio of 21.74 and a beta of 0.89. SP Funds S&P World has a one year low of $23.86 and a one year high of $35.46.

Hedge Funds Weigh In On SP Funds S&P World (ex-US) ETF

Institutional investors have recently modified their holdings of the business. Lido Advisors LLC boosted its stake in SP Funds S&P World (ex-US) ETF by 11.0% in the 1st quarter. Lido Advisors LLC now owns 12,762 shares of the company’s stock worth $360,000 after purchasing an additional 1,267 shares during the period. Cetera Investment Advisers acquired a new stake in shares of SP Funds S&P World (ex-US) ETF in the 1st quarter valued at about $486,000. Mariner LLC acquired a new stake in shares of SP Funds S&P World (ex-US) ETF in the 4th quarter valued at about $269,000. Goldman Sachs Group Inc. bought a new stake in shares of SP Funds S&P World (ex-US) ETF in the fourth quarter valued at about $367,000. Finally, Strengthening Families & Communities LLC lifted its holdings in shares of SP Funds S&P World (ex-US) ETF by 243.6% in the fourth quarter. Strengthening Families & Communities LLC now owns 6,955 shares of the company’s stock valued at $190,000 after purchasing an additional 4,931 shares in the last quarter.

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

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.