SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE – Get Free Report) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 195,185 shares, an increase of 298.4% from the June 15th total of 48,991 shares. Based on an average daily volume of 58,628 shares, the short-interest ratio is presently 3.3 days. Approximately 1.9% of the shares of the stock are short sold.
SP Funds S&P Global REIT Sharia ETF Stock Performance
Shares of SP Funds S&P Global REIT Sharia ETF stock traded up $0.04 on Friday, hitting $21.25. 24,737 shares of the company traded hands, compared to its average volume of 75,527. The business has a 50-day simple moving average of $21.20 and a 200 day simple moving average of $20.61. SP Funds S&P Global REIT Sharia ETF has a 52 week low of $18.78 and a 52 week high of $21.70. The stock has a market capitalization of $219.30 million, a P/E ratio of 36.50 and a beta of 1.01.
Hedge Funds Weigh In On SP Funds S&P Global REIT Sharia ETF
A hedge fund recently bought a new stake in SP Funds S&P Global REIT Sharia ETF stock. Flow Traders U.S. LLC acquired a new position in shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE – Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 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 reporting period.
About SP Funds S&P Global REIT Sharia ETF
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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