Short Interest in SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Increases By 174.4%

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 62,852 shares, an increase of 174.4% from the January 29th total of 22,903 shares. Based on an average daily volume of 70,222 shares, the short-interest ratio is presently 0.9 days. Approximately 1.7% of the company’s stock are short sold. Approximately 1.7% of the company’s stock are short sold. Based on an average daily volume of 70,222 shares, the short-interest ratio is presently 0.9 days.

SP Funds S&P World (ex-US) ETF Stock Down 1.1%

Shares of NYSEARCA SPWO traded down $0.35 on Thursday, hitting $31.19. The company had a trading volume of 54,425 shares, compared to its average volume of 62,899. The business has a 50 day moving average of $29.09 and a two-hundred day moving average of $27.31. The firm has a market capitalization of $118.51 million, a P/E ratio of 21.74 and a beta of 0.67. SP Funds S&P World has a 12-month low of $19.15 and a 12-month high of $31.68.

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

The company also recently announced a monthly dividend, which was paid on Monday, February 23rd. Stockholders of record on Friday, February 20th were paid a $0.0255 dividend. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 1.0%.

Hedge Funds Weigh In On SP Funds S&P World (ex-US) ETF

A number of institutional investors have recently added to or reduced their stakes in SPWO. Shariaportfolio Inc. grew its stake in shares of SP Funds S&P World (ex-US) ETF by 5.8% during the fourth quarter. Shariaportfolio Inc. now owns 809,269 shares of the company’s stock valued at $22,093,000 after acquiring an additional 44,677 shares in the last quarter. RFG Advisory LLC grew its stake in SP Funds S&P World (ex-US) ETF by 91.8% during the 3rd quarter. RFG Advisory LLC now owns 364,359 shares of the company’s stock valued at $9,710,000 after purchasing an additional 174,396 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in SP Funds S&P World (ex-US) ETF by 65.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 81,293 shares of the company’s stock worth $2,215,000 after purchasing an additional 32,030 shares during the last quarter. Tidal Investments LLC raised its position in shares of SP Funds S&P World (ex-US) ETF by 106.2% in the 2nd quarter. Tidal Investments LLC now owns 48,508 shares of the company’s stock valued at $1,184,000 after purchasing an additional 24,978 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of SP Funds S&P World (ex-US) ETF by 105.9% during the 1st 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 last quarter.

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.