SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Short Interest Down 53.6% in April

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPREGet Free Report) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 70,436 shares, a drop of 53.6% from the April 15th total of 151,655 shares. Based on an average trading volume of 64,051 shares, the short-interest ratio is presently 1.1 days. Approximately 0.7% of the company’s shares are short sold.

Institutional Investors Weigh In On SP Funds S&P Global REIT Sharia ETF

An institutional investor recently bought a new position in SP Funds S&P Global REIT Sharia ETF stock. Flow Traders U.S. LLC purchased a new stake in shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPREFree Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 61,580 shares of the company’s stock, valued at approximately $1,200,000. Flow Traders U.S. LLC owned approximately 0.70% of SP Funds S&P Global REIT Sharia ETF at the end of the most recent quarter.

SP Funds S&P Global REIT Sharia ETF Stock Down 1.5%

Shares of SPRE stock traded down $0.33 during mid-day trading on Friday, reaching $20.98. The company’s stock had a trading volume of 40,697 shares, compared to its average volume of 71,263. The company’s 50 day simple moving average is $20.50 and its 200-day simple moving average is $20.10. The firm has a market capitalization of $214.63 million, a PE ratio of 36.50 and a beta of 1.04. SP Funds S&P Global REIT Sharia ETF has a 12-month low of $18.78 and a 12-month high of $21.50.

SP Funds S&P Global REIT Sharia ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, February 23rd. Investors of record on Friday, February 20th were issued a dividend of $0.067 per share. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Friday, February 20th.

SP Funds S&P Global REIT Sharia ETF Company Profile

(Get Free Report)

The SP Funds S&P Global REIT Sharia ETF (SPRE) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a market-cap-weighted index of Shariah-compliant global REITs. SPRE was launched on Dec 30, 2020 and is managed by SP Funds.

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