SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE – Get Free Report) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 21,071 shares, a drop of 44.8% from the September 30th total of 38,197 shares. Based on an average daily volume of 65,707 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are short sold.
SP Funds S&P Global REIT Sharia ETF Stock Up 0.4%
SPRE stock traded up $0.07 on Monday, reaching $18.66. 47,534 shares of the company’s stock were exchanged, compared to its average volume of 72,248. The stock has a fifty day moving average of $19.50 and a 200-day moving average of $20.52. The firm has a market cap of $197.74 million, a PE ratio of 36.50 and a beta of 1.01. SP Funds S&P Global REIT Sharia ETF has a twelve month low of $18.19 and a twelve month high of $21.91.
SP Funds S&P Global REIT Sharia ETF Announces Dividend
The company also recently disclosed a monthly dividend, which was paid on Wednesday, October 28th. Investors of record on Tuesday, October 27th were paid a $0.0670 dividend. This represents a $0.80 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, October 27th.
Institutional Trading of SP Funds S&P Global REIT Sharia ETF
An institutional investor recently raised its stake in SP Funds S&P Global REIT Sharia ETF stock. Farther Finance Advisors LLC lifted its position in shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE – Free Report) by 18.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,916 shares of the company’s stock after buying an additional 2,892 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.18% of SP Funds S&P Global REIT Sharia ETF worth $358,000 at the end of the most recent quarter.
SP Funds S&P Global REIT Sharia ETF Company Profile
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.
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