Short Interest in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Drops By 89.7%

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 20,088 shares, a decline of 89.7% from the June 30th total of 195,185 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 53,291 shares, the short-interest ratio is currently 0.4 days.

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

A hedge fund recently bought a new stake in SP Funds S&P Global REIT Sharia ETF stock. Flow Traders U.S. LLC purchased a new position in shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 61,580 shares of the company’s stock, valued at approximately $1,200,000. Flow Traders U.S. LLC owned 0.70% of SP Funds S&P Global REIT Sharia ETF as of its most recent filing with the Securities & Exchange Commission.

SP Funds S&P Global REIT Sharia ETF Price Performance

NYSEARCA SPRE traded up $0.23 on Friday, hitting $21.80. 35,604 shares of the stock were exchanged, compared to its average volume of 72,898. The company has a market capitalization of $224.98 million, a PE ratio of 36.50 and a beta of 1.01. The business’s fifty day moving average is $21.24 and its 200 day moving average is $20.72. SP Funds S&P Global REIT Sharia ETF has a 52 week low of $18.78 and a 52 week high of $21.91.

SP Funds S&P Global REIT Sharia ETF Company Profile

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.