SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) Short Interest Update

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) was the recipient of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 17,029 shares, a decline of 28.1% from the January 29th total of 23,697 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 224,818 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 224,818 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

SP Funds Dow Jones Global Sukuk ETF Stock Performance

SPSK stock opened at $18.34 on Friday. SP Funds Dow Jones Global Sukuk ETF has a 12-month low of $17.75 and a 12-month high of $18.71. The company’s fifty day simple moving average is $18.29 and its 200 day simple moving average is $18.45.

SP Funds Dow Jones Global Sukuk ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, February 23rd. Investors of record on Friday, February 20th were given a dividend of $0.052 per share. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 3.4%.

Hedge Funds Weigh In On SP Funds Dow Jones Global Sukuk ETF

Several institutional investors have recently added to or reduced their stakes in SPSK. Strategic Blueprint LLC grew its position in shares of SP Funds Dow Jones Global Sukuk ETF by 5.2% during the 4th quarter. Strategic Blueprint LLC now owns 12,264 shares of the company’s stock worth $224,000 after buying an additional 601 shares during the period. Farther Finance Advisors LLC boosted its stake in SP Funds Dow Jones Global Sukuk ETF by 10.0% during the fourth quarter. Farther Finance Advisors LLC now owns 42,110 shares of the company’s stock worth $769,000 after acquiring an additional 3,842 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC grew its holdings in SP Funds Dow Jones Global Sukuk ETF by 5.9% in the third quarter. Heartwood Wealth Advisors LLC now owns 16,242 shares of the company’s stock worth $300,000 after purchasing an additional 903 shares during the period.

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.