SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK – Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 519,017 shares, a growth of 202.0% from the May 14th total of 171,844 shares. Based on an average daily volume of 381,890 shares, the short-interest ratio is presently 1.4 days. Approximately 2.0% of the shares of the stock are sold short.
Hedge Funds Weigh In On SP Funds Dow Jones Global Sukuk ETF
Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in SP Funds Dow Jones Global Sukuk ETF by 10.0% in the 4th quarter. Farther Finance Advisors LLC now owns 42,110 shares of the company’s stock valued at $769,000 after buying an additional 3,842 shares in the last quarter. DGS Capital Management LLC grew its stake in SP Funds Dow Jones Global Sukuk ETF by 3.0% in the 1st quarter. DGS Capital Management LLC now owns 27,505 shares of the company’s stock worth $492,000 after acquiring an additional 789 shares during the period. Finally, Strategic Blueprint LLC grew its stake in SP Funds Dow Jones Global Sukuk ETF by 5.2% in the 4th quarter. Strategic Blueprint LLC now owns 12,264 shares of the company’s stock worth $224,000 after acquiring an additional 601 shares during the period.
SP Funds Dow Jones Global Sukuk ETF Trading Up 0.4%
Shares of NYSEARCA SPSK opened at $18.03 on Friday. SP Funds Dow Jones Global Sukuk ETF has a 52 week low of $17.76 and a 52 week high of $18.71. The firm has a 50-day moving average price of $18.02 and a 200 day moving average price of $18.19.
SP Funds Dow Jones Global Sukuk ETF Company Profile
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.
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