SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS – Get Free Report) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 106,183 shares, a decrease of 58.7% from the September 15th total of 257,142 shares. Based on an average trading volume of 403,654 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.
SP Funds S&P 500 Sharia Industry Exclusions ETF Stock Performance
SPUS traded up $0.05 during trading on Thursday, hitting $59.72. The stock had a trading volume of 510,262 shares, compared to its average volume of 524,862. The company has a market capitalization of $3.33 billion, a PE ratio of 30.44 and a beta of 1.09. SP Funds S&P 500 Sharia Industry Exclusions ETF has a twelve month low of $46.43 and a twelve month high of $61.42. The stock has a 50 day simple moving average of $59.22 and a two-hundred day simple moving average of $56.72.
SP Funds S&P 500 Sharia Industry Exclusions ETF Dividend Announcement
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 28th were issued a dividend of $0.0260 per share. This represents a $0.31 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, September 28th.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Evansbrook LLC acquired a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF during the 1st quarter valued at about $243,000. Atomic Invest LLC raised its stake in SP Funds S&P 500 Sharia Industry Exclusions ETF by 9.5% in the second quarter. Atomic Invest LLC now owns 16,630 shares of the company’s stock valued at $943,000 after buying an additional 1,436 shares during the last quarter. Finally, Operose Advisors LLC purchased a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF in the second quarter valued at about $33,000.
SP Funds S&P 500 Sharia Industry Exclusions ETF Company Profile
The SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) is an exchange-traded fund that is based on the S&P 500 Shariah Industry Exclusions index. The fund tracks a market-cap weighted index of S&P 500 stocks that are Sharia-compliant. SPUS was launched on Dec 18, 2019 and is managed by SP Funds.
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