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

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 48,400 shares, a decline of 41.3% from the June 30th total of 82,491 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 233,396 shares, the days-to-cover ratio is currently 0.2 days.

SP Funds Dow Jones Global Sukuk ETF Stock Up 0.1%

SPSK stock traded up $0.01 during trading on Friday, reaching $17.83. The company had a trading volume of 150,057 shares, compared to its average volume of 293,796. SP Funds Dow Jones Global Sukuk ETF has a twelve month low of $17.76 and a twelve month high of $18.71. The firm has a 50-day simple moving average of $17.97 and a 200-day simple moving average of $18.06.

Institutional Investors Weigh In On SP Funds Dow Jones Global Sukuk ETF

A number of large investors have recently made changes to their positions in the stock. Strategic Blueprint LLC raised 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 last quarter. DGS Capital Management LLC grew its stake in SP Funds Dow Jones Global Sukuk ETF by 3.0% during the 1st quarter. DGS Capital Management LLC now owns 27,505 shares of the company’s stock valued at $492,000 after purchasing an additional 789 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in SP Funds Dow Jones Global Sukuk ETF by 10.0% during the 4th quarter. Farther Finance Advisors LLC now owns 42,110 shares of the company’s stock valued at $769,000 after purchasing an additional 3,842 shares during the last quarter.

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.