SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO – Get Free Report) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 33,213 shares, a decrease of 37.8% from the August 31st total of 53,387 shares. Based on an average daily volume of 78,775 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.5% of the shares of the stock are sold short.
SP Funds S&P World (ex-US) ETF Stock Performance
Shares of SPWO traded up $0.57 on Friday, hitting $34.17. 30,632 shares of the stock traded hands, compared to its average volume of 63,672. The company has a market capitalization of $240.90 million, a PE ratio of 21.74 and a beta of 0.93. The business has a 50 day simple moving average of $33.18 and a 200 day simple moving average of $32.35. SP Funds S&P World has a one year low of $25.51 and a one year high of $35.46.
Institutional Trading of SP Funds S&P World (ex-US) ETF
Several institutional investors have recently made changes to their positions in SPWO. Advocacy Wealth Management LLC raised its holdings in SP Funds S&P World (ex-US) ETF by 23.0% during the second quarter. Advocacy Wealth Management LLC now owns 94,504 shares of the company’s stock worth $3,268,000 after purchasing an additional 17,698 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of SP Funds S&P World (ex-US) ETF by 12.3% during the second quarter. TD Waterhouse Canada Inc. now owns 56,091 shares of the company’s stock valued at $1,868,000 after buying an additional 6,147 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of SP Funds S&P World (ex-US) ETF during the 1st quarter worth $486,000. Strengthening Families & Communities LLC increased its position in SP Funds S&P World (ex-US) ETF by 4.1% in the 2nd quarter. Strengthening Families & Communities LLC now owns 13,253 shares of the company’s stock worth $458,000 after purchasing an additional 518 shares during the last quarter. Finally, Lido Advisors LLC grew its stake in shares of SP Funds S&P World (ex-US) ETF by 11.0% in the first quarter. Lido Advisors LLC now owns 12,762 shares of the company’s stock worth $360,000 after acquiring an additional 1,267 shares during the last quarter.
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.
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