SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) Short Interest Up 110.2% in May

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 171,844 shares, a growth of 110.2% from the April 30th total of 81,754 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 252,520 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On SP Funds Dow Jones Global Sukuk ETF

Hedge funds have recently modified their holdings of the company. Strategic Blueprint LLC increased its position in shares of SP Funds Dow Jones Global Sukuk ETF by 5.2% in the fourth quarter. Strategic Blueprint LLC now owns 12,264 shares of the company’s stock valued at $224,000 after acquiring an additional 601 shares during the period. DGS Capital Management LLC increased its position in shares of SP Funds Dow Jones Global Sukuk ETF by 3.0% in the first quarter. DGS Capital Management LLC now owns 27,505 shares of the company’s stock valued at $492,000 after acquiring an additional 789 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of SP Funds Dow Jones Global Sukuk ETF by 10.0% in the fourth quarter. Farther Finance Advisors LLC now owns 42,110 shares of the company’s stock valued at $769,000 after acquiring an additional 3,842 shares during the period.

SP Funds Dow Jones Global Sukuk ETF Stock Performance

NYSEARCA:SPSK opened at $18.06 on Monday. The company has a fifty day moving average of $18.00 and a 200 day moving average of $18.23. SP Funds Dow Jones Global Sukuk ETF has a 52 week low of $17.76 and a 52 week high of $18.71.

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.