SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Shares Shorted: Short Interest Up 174.5% in September

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 257,142 shares, a growth of 174.5% from the August 31st total of 93,673 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 372,279 shares, the days-to-cover ratio is presently 0.7 days.

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

SP Funds S&P 500 Sharia Industry Exclusions ETF stock traded down $0.32 during midday trading on Monday, hitting $59.72. 575,622 shares of the stock were exchanged, compared to its average volume of 534,737. SP Funds S&P 500 Sharia Industry Exclusions ETF has a 1 year low of $46.43 and a 1 year high of $60.30. The firm has a market cap of $3.25 billion, a P/E ratio of 30.44 and a beta of 1.09. The company has a 50 day moving average price of $58.36 and a two-hundred day moving average price of $55.77.

SP Funds S&P 500 Sharia Industry Exclusions ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 28th will be paid a dividend of $0.0260 per share. The ex-dividend date is Monday, September 28th. This represents a $0.31 annualized dividend and a dividend yield of 0.5%.

Institutional Trading of SP Funds S&P 500 Sharia Industry Exclusions ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Operose Advisors LLC acquired a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the second quarter worth about $33,000. Evansbrook LLC acquired a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF during the 1st quarter valued at approximately $243,000. Finally, Atomic Invest LLC grew its stake in SP Funds S&P 500 Sharia Industry Exclusions ETF by 9.5% during the 2nd quarter. Atomic Invest LLC now owns 16,630 shares of the company’s stock valued at $943,000 after purchasing an additional 1,436 shares in the last quarter.

About SP Funds S&P 500 Sharia Industry Exclusions ETF

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.