SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 239,246 shares, a growth of 82.6% from the August 31st total of 130,990 shares. Currently, 2.4% of the company’s stock are sold short. Based on an average daily trading volume, of 65,114 shares, the days-to-cover ratio is currently 3.7 days.
SP Funds S&P Global REIT Sharia ETF Stock Down 0.4%
Shares of SPRE stock traded down $0.07 during mid-day trading on Tuesday, reaching $19.03. 103,643 shares of the company’s stock traded hands, compared to its average volume of 73,681. The company’s 50-day moving average price is $20.86 and its 200-day moving average price is $20.86. The company has a market cap of $193.15 million, a P/E ratio of 36.50 and a beta of 1.00. SP Funds S&P Global REIT Sharia ETF has a 12 month low of $18.93 and a 12 month high of $21.91.
SP Funds S&P Global REIT Sharia ETF Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 28th will be paid a dividend of $0.0670 per share. The ex-dividend date of this dividend is Monday, September 28th. This represents a $0.80 annualized dividend and a yield of 4.2%.
SP Funds S&P Global REIT Sharia ETF Company Profile
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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