SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Short Interest Update

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 155,797 shares, a growth of 121.2% from the April 30th total of 70,436 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average daily volume of 69,638 shares, the short-interest ratio is presently 2.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SP Funds S&P Global REIT Sharia ETF stock. Flow Traders U.S. LLC purchased a new stake in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 61,580 shares of the company’s stock, valued at approximately $1,200,000. Flow Traders U.S. LLC owned approximately 0.70% of SP Funds S&P Global REIT Sharia ETF at the end of the most recent quarter.

SP Funds S&P Global REIT Sharia ETF Stock Down 0.3%

Shares of SPRE stock traded down $0.06 during mid-day trading on Friday, hitting $21.11. 31,635 shares of the stock were exchanged, compared to its average volume of 75,760. The firm has a fifty day moving average of $20.67 and a 200 day moving average of $20.22. SP Funds S&P Global REIT Sharia ETF has a 52-week low of $18.78 and a 52-week high of $21.50. The company has a market cap of $215.96 million, a PE ratio of 36.50 and a beta of 1.04.

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.