SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) Short Interest Down 89.6% in June

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 53,913 shares, a decline of 89.6% from the May 31st total of 519,017 shares. Based on an average daily volume of 603,649 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s shares are short sold.

SP Funds Dow Jones Global Sukuk ETF Price Performance

NYSEARCA:SPSK opened at $18.00 on Friday. SP Funds Dow Jones Global Sukuk ETF has a fifty-two week low of $17.76 and a fifty-two week high of $18.71. The business has a 50 day moving average price of $18.03 and a 200-day moving average price of $18.15.

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

Institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in SP Funds Dow Jones Global Sukuk ETF by 10.0% in the 4th quarter. Farther Finance Advisors LLC now owns 42,110 shares of the company’s stock worth $769,000 after acquiring an additional 3,842 shares during the last quarter. Strategic Blueprint LLC raised its stake in shares of SP Funds Dow Jones Global Sukuk ETF by 5.2% during 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 last quarter. Finally, DGS Capital Management LLC raised its position in SP Funds Dow Jones Global Sukuk ETF by 3.0% during the 1st quarter. DGS Capital Management LLC now owns 27,505 shares of the company’s stock valued at $492,000 after purchasing an additional 789 shares during the last quarter.

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.