SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE – Get Free Report) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 21,071 shares, a decline of 44.8% from the September 30th total of 38,197 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 65,707 shares, the short-interest ratio is presently 0.3 days.
Institutional Trading of SP Funds S&P Global REIT Sharia ETF
A hedge fund recently raised its position in SP Funds S&P Global REIT Sharia ETF stock. Farther Finance Advisors LLC raised its position in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE – Free Report) by 18.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,916 shares of the company’s stock after purchasing an additional 2,892 shares during the quarter. Farther Finance Advisors LLC owned 0.18% of SP Funds S&P Global REIT Sharia ETF worth $358,000 as of its most recent SEC filing.
SP Funds S&P Global REIT Sharia ETF Stock Performance
Shares of SP Funds S&P Global REIT Sharia ETF stock traded down $0.12 on Friday, reaching $18.58. 49,944 shares of the stock were exchanged, compared to its average volume of 72,387. The firm’s 50 day moving average is $19.50 and its 200-day moving average is $20.52. SP Funds S&P Global REIT Sharia ETF has a one year low of $18.19 and a one year high of $21.91. The firm has a market cap of $196.95 million, a PE ratio of 36.50 and a beta of 1.01.
SP Funds S&P Global REIT Sharia ETF Announces Dividend
The business also recently declared a monthly dividend, which was paid on Wednesday, October 28th. Investors of record on Tuesday, October 27th were issued a dividend of $0.0670 per share. The ex-dividend date of this dividend was Tuesday, October 27th. This represents a $0.80 annualized dividend and a dividend yield of 4.3%.
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.
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