Short Interest in SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Rises By 85.2%

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 36,606 shares, an increase of 85.2% from the July 30th total of 19,766 shares. Based on an average trading volume of 53,376 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.6% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SPWO. Susquehanna International Group LLP purchased a new position in SP Funds S&P World (ex-US) ETF during the 3rd quarter valued at $761,000. Tidal Investments LLC grew its holdings 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 worth $1,184,000 after purchasing an additional 24,978 shares during the last quarter. Jane Street Group LLC increased its stake in SP Funds S&P World (ex-US) ETF by 105.9% in the 1st quarter. Jane Street Group LLC now owns 34,845 shares of the company’s stock worth $765,000 after buying an additional 17,925 shares during the period. Advocacy Wealth Management LLC lifted its holdings in SP Funds S&P World (ex-US) ETF by 23.0% during the 2nd quarter. Advocacy Wealth Management LLC now owns 94,504 shares of the company’s stock valued at $3,268,000 after buying an additional 17,698 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in SP Funds S&P World (ex-US) ETF in the 1st quarter valued at about $486,000.

SP Funds S&P World (ex-US) ETF Trading Down 0.5%

SPWO stock opened at $33.30 on Tuesday. SP Funds S&P World has a 12 month low of $24.35 and a 12 month high of $35.46. The company has a 50-day moving average price of $33.02 and a 200 day moving average price of $31.83. The stock has a market cap of $204.79 million, a PE ratio of 21.74 and a beta of 0.93.

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

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.