SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) Stock Short Interest Declines 54.4%

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 80,208 shares, a drop of 54.4% from the September 30th total of 175,749 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 246,864 shares, the short-interest ratio is presently 0.3 days.

SP Funds Dow Jones Global Sukuk ETF Stock Performance

NYSEARCA:SPSK traded up $0.02 during mid-day trading on Friday, hitting $17.54. The company’s stock had a trading volume of 157,913 shares, compared to its average volume of 327,622. SP Funds Dow Jones Global Sukuk ETF has a fifty-two week low of $17.30 and a fifty-two week high of $18.65. The stock has a fifty day moving average of $17.61 and a 200-day moving average of $17.94.

SP Funds Dow Jones Global Sukuk ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Tuesday, October 27th were issued a $0.0520 dividend. The ex-dividend date of this dividend was Tuesday, October 27th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%.

Institutional Trading of SP Funds Dow Jones Global Sukuk ETF

An institutional investor recently raised its stake in SP Funds Dow Jones Global Sukuk ETF stock. Heartwood Wealth Advisors LLC boosted its position in SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) by 4.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,713 shares of the company’s stock after acquiring an additional 925 shares during the period. Heartwood Wealth Advisors LLC owned 0.08% of SP Funds Dow Jones Global Sukuk ETF worth $377,000 at the end of the most recent quarter.

About SP Funds Dow Jones Global Sukuk ETF

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.