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

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 29,600 shares, a growth of 322.9% from the May 15th total of 7,000 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 124,800 shares, the short-interest ratio is presently 0.2 days.

SP Funds Dow Jones Global Sukuk ETF Stock Down 0.4%

NYSEARCA:SPSK opened at $18.10 on Friday. The firm’s 50 day moving average is $18.03 and its 200 day moving average is $17.95. SP Funds Dow Jones Global Sukuk ETF has a 12 month low of $17.51 and a 12 month high of $18.72.

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

Hedge funds have recently modified their holdings of the stock. Heartwood Wealth Advisors LLC raised its holdings in SP Funds Dow Jones Global Sukuk ETF by 22.6% during the 1st quarter. Heartwood Wealth Advisors LLC now owns 14,879 shares of the company’s stock valued at $268,000 after acquiring an additional 2,741 shares during the period. Strategic Blueprint LLC bought a new stake in SP Funds Dow Jones Global Sukuk ETF during the 1st quarter valued at $190,000. Finally, Farther Finance Advisors LLC raised its holdings in SP Funds Dow Jones Global Sukuk ETF by 117.8% during the 1st quarter. Farther Finance Advisors LLC now owns 34,102 shares of the company’s stock valued at $616,000 after acquiring an additional 18,443 shares during the period.

SP Funds Dow Jones Global Sukuk ETF Company Profile

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.