SP Funds S&P Global Technology ETF (NYSEARCA:SPTE – Get Free Report) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 5,751 shares, a decline of 84.2% from the July 30th total of 36,285 shares. Based on an average trading volume of 68,433 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.
Hedge Funds Weigh In On SP Funds S&P Global Technology ETF
Several large investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new stake in SP Funds S&P Global Technology ETF in the first quarter worth $568,000. Flow Traders U.S. LLC bought a new position in SP Funds S&P Global Technology ETF during the second quarter valued at $345,000. Bank of America Corp DE purchased a new stake in shares of SP Funds S&P Global Technology ETF in the second quarter valued at $50,000. Citadel Advisors LLC raised its stake in shares of SP Funds S&P Global Technology ETF by 44.2% in the third quarter. Citadel Advisors LLC now owns 10,010 shares of the company’s stock valued at $344,000 after acquiring an additional 3,068 shares during the period. Finally, Susquehanna International Group LLP lifted its holdings in shares of SP Funds S&P Global Technology ETF by 96.4% in the 3rd quarter. Susquehanna International Group LLP now owns 48,628 shares of the company’s stock worth $1,672,000 after acquiring an additional 23,870 shares during the last quarter.
SP Funds S&P Global Technology ETF Stock Performance
Shares of SPTE traded up $0.24 during mid-day trading on Wednesday, hitting $46.82. 20,635 shares of the stock were exchanged, compared to its average volume of 49,180. The company has a market cap of $220.99 million, a PE ratio of 34.36 and a beta of 1.59. The firm has a 50-day moving average of $46.75 and a two-hundred day moving average of $42.59. SP Funds S&P Global Technology ETF has a 52-week low of $30.97 and a 52-week high of $50.75.
About SP Funds S&P Global Technology ETF
The SP Funds S&P Global Technology ETF (SPTE) is an exchange-traded fund that mostly invests in information technology equity. The fund is a passively managed fund, investing in global technology firms adhering to Shariah investment principles. Stocks selected for the portfolio are weighted based on market-cap SPTE was launched on Nov 30, 2023 and is issued by SP Funds.
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