SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Sees Large Volume Increase – Here’s What Happened

Shares of SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) saw strong trading volume on Tuesday . Approximately 996,122 shares were traded during trading, an increase of 78% from the previous session’s volume of 560,266 shares.The stock last traded at $57.93 and had previously closed at $57.17.

SP Funds S&P 500 Sharia Industry Exclusions ETF Price Performance

The business’s 50 day moving average price is $57.04 and its 200-day moving average price is $53.61. The company has a market cap of $2.97 billion, a P/E ratio of 30.44 and a beta of 1.09.

Institutional Investors Weigh In On SP Funds S&P 500 Sharia Industry Exclusions ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SPUS. Murphy & Mullick Capital Management Corp bought a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the fourth quarter valued at approximately $102,000. Evansbrook LLC acquired a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the 1st quarter valued at $243,000. Farther Finance Advisors LLC raised its position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 14.1% during the fourth quarter. Farther Finance Advisors LLC now owns 115,189 shares of the company’s stock worth $5,883,000 after acquiring an additional 14,261 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the second quarter worth $1,674,000.

SP Funds S&P 500 Sharia Industry Exclusions ETF Company Profile

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.