SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) Short Interest Update

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totaling 25,792 shares, a decline of 92.4% from the December 31st total of 339,374 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 292,699 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 292,699 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On SP Funds Dow Jones Global Sukuk ETF

Large investors have recently modified their holdings of the business. Strategic Blueprint LLC raised its position in shares of SP Funds Dow Jones Global Sukuk ETF by 7.7% in the 3rd quarter. Strategic Blueprint LLC now owns 11,663 shares of the company’s stock valued at $216,000 after purchasing an additional 837 shares during the last quarter. Heartwood Wealth Advisors LLC increased its stake in SP Funds Dow Jones Global Sukuk ETF by 5.9% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 16,242 shares of the company’s stock valued at $300,000 after purchasing an additional 903 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in SP Funds Dow Jones Global Sukuk ETF by 11.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 38,268 shares of the company’s stock valued at $707,000 after purchasing an additional 4,080 shares in the last quarter.

SP Funds Dow Jones Global Sukuk ETF Price Performance

SPSK remained flat at $18.20 during trading on Thursday. 206,128 shares of the company’s stock traded hands, compared to its average volume of 250,312. The business’s fifty day simple moving average is $18.41 and its 200 day simple moving average is $18.45. SP Funds Dow Jones Global Sukuk ETF has a 52 week low of $17.66 and a 52 week high of $18.71.

SP Funds Dow Jones Global Sukuk ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, January 26th. Investors of record on Friday, January 23rd were given a dividend of $0.052 per share. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, January 23rd.

SP Funds Dow Jones Global Sukuk ETF Company Profile

The SP Funds Dow Jones Global Sukuk ETF (SPSK) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated global investment-grade sukuk of various maturities and weighted by market value. SPSK was launched on Dec 30, 2019 and is managed by SP Funds.