SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) Shares Shorted: Short Interest Down 59.2% in September

SP Funds S&P Global Technology ETF (NYSEARCA:SPTE – Get Free Report) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 19,938 shares, a decrease of 59.2% from the September 15th total of 48,890 shares. Based on an average daily trading volume, of 42,182 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the shares of the stock are sold short.

SP Funds S&P Global Technology ETF Stock Performance

Shares of NYSEARCA:SPTE traded down $0.05 during midday trading on Tuesday, reaching $50.05. 41,758 shares of the company’s stock were exchanged, compared to its average volume of 48,724. The company’s 50 day simple moving average is $48.42 and its two-hundred day simple moving average is $45.55. SP Funds S&P Global Technology ETF has a 12 month low of $32.74 and a 12 month high of $52.38. The firm has a market capitalization of $262.76 million, a PE ratio of 34.36 and a beta of 1.57.

SP Funds S&P Global Technology ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 28th were paid a $0.0065 dividend. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.08 dividend on an annualized basis and a yield of 0.2%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPTE. Farther Finance Advisors LLC boosted its holdings in SP Funds S&P Global Technology ETF by 9.7% during the third quarter. Farther Finance Advisors LLC now owns 23,034 shares of the company’s stock valued at $1,152,000 after purchasing an additional 2,033 shares in the last quarter. RFG Advisory LLC grew its stake in shares of SP Funds S&P Global Technology ETF by 79.1% in the 2nd quarter. RFG Advisory LLC now owns 29,661 shares of the company’s stock valued at $1,447,000 after purchasing an additional 13,102 shares during the period. IFP Advisors Inc grew its stake in shares of SP Funds S&P Global Technology ETF by 182.1% in the 2nd quarter. IFP Advisors Inc now owns 1,845 shares of the company’s stock valued at $90,000 after purchasing an additional 1,191 shares during the period. TD Waterhouse Canada Inc. grew its stake in shares of SP Funds S&P Global Technology ETF by 7.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 58,724 shares of the company’s stock valued at $2,778,000 after purchasing an additional 4,211 shares during the period. Finally, Strengthening Families & Communities LLC raised its holdings in shares of SP Funds S&P Global Technology ETF by 8.9% in the 2nd quarter. Strengthening Families & Communities LLC now owns 7,423 shares of the company’s stock worth $362,000 after buying an additional 609 shares in the last quarter.

About SP Funds S&P Global Technology ETF

(Get Free Report)

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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