SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) Shares Shorted: Short Interest Down 59.2% in September

SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 19,938 shares, a drop of 59.2% from the September 15th total of 48,890 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 42,182 shares, the short-interest ratio is presently 0.5 days.

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

Several hedge funds and other institutional investors have recently modified their holdings of SPTE. Cetera Investment Advisers bought a new stake in shares of SP Funds S&P Global Technology ETF during the first quarter worth about $768,000. RFG Advisory LLC acquired a new stake in shares of SP Funds S&P Global Technology ETF in the 1st quarter worth about $574,000. World Equity Group Inc. acquired a new stake in shares of SP Funds S&P Global Technology ETF in the 2nd quarter worth about $232,000. TD Waterhouse Canada Inc. lifted its position in SP Funds S&P Global Technology ETF by 7.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 58,724 shares of the company’s stock valued at $2,778,000 after acquiring an additional 4,211 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in SP Funds S&P Global Technology ETF by 9.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 23,034 shares of the company’s stock valued at $1,152,000 after acquiring an additional 2,033 shares in the last quarter.

SP Funds S&P Global Technology ETF Trading Down 2.9%

SP Funds S&P Global Technology ETF stock traded down $1.43 during midday trading on Wednesday, reaching $48.62. The stock had a trading volume of 49,619 shares, compared to its average volume of 48,707. The company has a fifty day moving average price of $48.48 and a two-hundred day moving average price of $45.65. SP Funds S&P Global Technology ETF has a 12 month low of $32.74 and a 12 month high of $52.38. The company has a market capitalization of $260.12 million, a P/E ratio of 34.36 and a beta of 1.57.

SP Funds S&P Global Technology ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, September 28th were paid a $0.0065 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Monday, September 28th.

About SP Funds S&P Global Technology ETF

The SP Funds S&P Global Technology ETF (SPTE) is an exchange-traded fund that mostly invests in information technology equity. The fund is a passively managed fund, investing in global technology firms adhering to Shariah investment principles. Stocks selected for the portfolio are weighted based on market-cap SPTE was launched on Nov 30, 2023 and is issued by SP Funds.