SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Stock Short Interest Declines 84.0%

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE – Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 38,197 shares, a decrease of 84.0% from the September 15th total of 239,246 shares. Based on an average daily volume of 74,342 shares, the short-interest ratio is presently 0.5 days. Currently, 0.4% of the company’s stock are sold short.

SP Funds S&P Global REIT Sharia ETF Trading Up 0.8%

Shares of SPRE traded up $0.15 during midday trading on Friday, reaching $18.66. The stock had a trading volume of 62,194 shares, compared to its average volume of 73,903. The firm has a market cap of $195.56 million, a PE ratio of 36.50 and a beta of 1.01. The firm has a 50 day simple moving average of $20.34 and a 200-day simple moving average of $20.78. SP Funds S&P Global REIT Sharia ETF has a one year low of $18.29 and a one year high of $21.91.

SP Funds S&P Global REIT Sharia ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, September 28th were given a dividend of $0.0670 per share. The ex-dividend date was Monday, September 28th. This represents a $0.80 annualized dividend and a yield of 4.3%.

Institutional Trading of SP Funds S&P Global REIT Sharia ETF

An institutional investor recently raised its position in SP Funds S&P Global REIT Sharia ETF stock. Farther Finance Advisors LLC boosted its stake in shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE – Free Report) by 18.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,916 shares of the company’s stock after acquiring an additional 2,892 shares during the period. Farther Finance Advisors LLC owned 0.18% of SP Funds S&P Global REIT Sharia ETF worth $358,000 at the end of the most recent reporting period.

About SP Funds S&P Global REIT Sharia ETF

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for SP Funds S&P Global REIT Sharia ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SP Funds S&P Global REIT Sharia ETF and related companies with MarketBeat.com's FREE daily email newsletter.