SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Shares Shorted: Short Interest Up 207.1% in October

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) was the recipient of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 165,088 shares, a growth of 207.1% from the October 15th total of 53,753 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average daily volume of 60,657 shares, the days-to-cover ratio is currently 2.7 days.

SP Funds S&P World (ex-US) ETF Trading Down 0.9%

Shares of NYSEARCA SPWO traded down $0.26 during mid-day trading on Friday, reaching $30.32. The company had a trading volume of 36,243 shares, compared to its average volume of 65,313. The business’s 50-day moving average is $32.47 and its 200-day moving average is $31.90. The stock has a market cap of $243.17 million, a price-to-earnings ratio of 19.74 and a beta of 0.97. SP Funds S&P World has a 52 week low of $25.51 and a 52 week high of $35.46.

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

Several large investors have recently added to or reduced their stakes in the stock. Advocacy Wealth Management LLC grew its stake in SP Funds S&P World (ex-US) ETF by 23.0% in the 2nd quarter. Advocacy Wealth Management LLC now owns 94,504 shares of the company’s stock worth $3,268,000 after acquiring an additional 17,698 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of SP Funds S&P World (ex-US) ETF by 20.3% during the third quarter. TD Waterhouse Canada Inc. now owns 67,465 shares of the company’s stock valued at $2,265,000 after acquiring an additional 11,374 shares in the last quarter. Wrenne Financial Planning LLC bought a new stake in shares of SP Funds S&P World (ex-US) ETF during the third quarter valued at approximately $719,000. Farther Finance Advisors LLC raised its stake in shares of SP Funds S&P World (ex-US) ETF by 6.8% during the third quarter. Farther Finance Advisors LLC now owns 18,728 shares of the company’s stock valued at $627,000 after acquiring an additional 1,199 shares in the last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of SP Funds S&P World (ex-US) ETF during the first quarter valued at approximately $486,000.

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.