SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) Short Interest Update

SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 20,726 shares, an increase of 260.4% from the August 15th total of 5,751 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 41,632 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On SP Funds S&P Global Technology ETF

Large investors have recently made changes to their positions in the company. RFG Advisory LLC boosted its stake in shares of SP Funds S&P Global Technology ETF by 79.1% during the 2nd quarter. RFG Advisory LLC now owns 29,661 shares of the company’s stock worth $1,447,000 after acquiring an additional 13,102 shares in the last quarter. Cetera Investment Advisers purchased a new position in shares of SP Funds S&P Global Technology ETF in the 1st quarter valued at about $768,000. TD Waterhouse Canada Inc. increased its stake in shares of SP Funds S&P Global Technology ETF by 7.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 58,724 shares of the company’s stock valued at $2,778,000 after purchasing an additional 4,211 shares in the last quarter. Strengthening Families & Communities LLC raised its holdings 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 purchasing an additional 609 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in SP Funds S&P Global Technology ETF in the 2nd quarter worth about $345,000.

SP Funds S&P Global Technology ETF Price Performance

SPTE stock traded up $0.44 during trading on Friday, hitting $47.94. 19,889 shares of the company traded hands, compared to its average volume of 48,400. SP Funds S&P Global Technology ETF has a 1 year low of $32.74 and a 1 year high of $50.75. The company has a market cap of $226.28 million, a PE ratio of 34.36 and a beta of 1.60. The stock’s 50-day simple moving average is $46.77 and its 200 day simple moving average is $43.52.

SP Funds S&P Global Technology ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 28th. Stockholders of record on Monday, July 27th were paid a dividend of $0.0065 per share. The ex-dividend date of this dividend was Monday, July 27th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%.

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.