SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Sees Large Growth in Short Interest

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 59,559 shares, a growth of 79.3% from the September 15th total of 33,213 shares. Based on an average trading volume of 76,037 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.8% of the company’s shares are short sold.

Institutional Trading of SP Funds S&P World (ex-US) ETF

Several institutional investors have recently modified their holdings of the business. Timbuktu Capital Management LLC acquired a new stake in SP Funds S&P World (ex-US) ETF in the second quarter valued at $34,000. Range Advisory LLC raised its position in SP Funds S&P World (ex-US) ETF by 15.5% during the 2nd quarter. Range Advisory LLC now owns 9,147 shares of the company’s stock worth $316,000 after purchasing an additional 1,230 shares during the last quarter. Lido Advisors LLC raised its position in SP Funds S&P World (ex-US) ETF by 11.0% during the 1st quarter. Lido Advisors LLC now owns 12,762 shares of the company’s stock worth $360,000 after purchasing an additional 1,267 shares during the last quarter. Strengthening Families & Communities LLC lifted its holdings in SP Funds S&P World (ex-US) ETF by 4.1% during the 2nd quarter. Strengthening Families & Communities LLC now owns 13,253 shares of the company’s stock worth $458,000 after buying an additional 518 shares during the period. Finally, Cetera Investment Advisers acquired a new position in SP Funds S&P World (ex-US) ETF during the 1st quarter worth about $486,000.

SP Funds S&P World (ex-US) ETF Stock Down 2.5%

NYSEARCA SPWO traded down $0.81 on Thursday, hitting $31.51. The company’s stock had a trading volume of 21,645 shares, compared to its average volume of 64,314. The company’s 50-day moving average is $33.49 and its 200 day moving average is $32.69. The firm has a market cap of $230.02 million, a PE ratio of 21.74 and a beta of 0.93. SP Funds S&P World has a 1-year low of $25.51 and a 1-year high of $35.46.

About SP Funds S&P World (ex-US) ETF

The SP Funds S&P World (ex-US) ETF (SPWO) is an exchange-traded fund that is based on the S&P DM Ex-U.S. & EM 50/50 Shariah index. The fund tracks an index of 500 Sharia-compliant companies from developed and emerging markets outside the US. Holdings are modified market cap-weighted SPWO was launched on Dec 19, 2023 and is issued by SP Funds.