SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Short Interest Down 86.4% in June

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 21,249 shares, a decline of 86.4% from the June 15th total of 156,784 shares. Based on an average daily trading volume, of 56,876 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Trading of SP Funds S&P World (ex-US) ETF

A number of hedge funds have recently bought and sold shares of SPWO. Shariaportfolio Inc. grew its position in SP Funds S&P World (ex-US) ETF by 5.8% in the 4th quarter. Shariaportfolio Inc. now owns 809,269 shares of the company’s stock worth $22,093,000 after purchasing an additional 44,677 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in shares of SP Funds S&P World (ex-US) ETF by 65.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 81,293 shares of the company’s stock valued at $2,215,000 after buying an additional 32,030 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of SP Funds S&P World (ex-US) ETF by 106.2% in the second quarter. Tidal Investments LLC now owns 48,508 shares of the company’s stock valued at $1,184,000 after buying an additional 24,978 shares during the period. Jane Street Group LLC lifted its stake in shares of SP Funds S&P World (ex-US) ETF by 105.9% in the first quarter. Jane Street Group LLC now owns 34,845 shares of the company’s stock valued at $765,000 after buying an additional 17,925 shares during the period. Finally, Susquehanna International Group LLP acquired a new stake in SP Funds S&P World (ex-US) ETF during the third quarter worth about $761,000.

SP Funds S&P World (ex-US) ETF Stock Performance

Shares of SPWO traded down $0.94 during mid-day trading on Monday, hitting $32.43. The company’s stock had a trading volume of 69,463 shares, compared to its average volume of 62,335. SP Funds S&P World has a one year low of $23.86 and a one year high of $35.46. The firm has a market capitalization of $192.31 million, a PE ratio of 21.74 and a beta of 0.89. The stock’s 50-day moving average is $33.44 and its two-hundred day moving average is $30.83.

About SP Funds S&P World (ex-US) ETF

The SP Funds S&P World (ex-US) ETF (SPWO) is an exchange-traded fund that is based on the S&P DM Ex-U.S. & EM 50/50 Shariah index. The fund tracks an index of 500 Sharia-compliant companies from developed and emerging markets outside the US. Holdings are modified market cap-weighted SPWO was launched on Dec 19, 2023 and is issued by SP Funds.