SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Sees Significant Decrease in Short Interest

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPREGet Free Report) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 70,436 shares, a decline of 53.6% from the April 15th total of 151,655 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 64,051 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On SP Funds S&P Global REIT Sharia ETF

A hedge fund recently bought a new stake in SP Funds S&P Global REIT Sharia ETF stock. Flow Traders U.S. LLC acquired a new stake in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPREFree Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 61,580 shares of the company’s stock, valued at approximately $1,200,000. Flow Traders U.S. LLC owned approximately 0.70% of SP Funds S&P Global REIT Sharia ETF as of its most recent SEC filing.

SP Funds S&P Global REIT Sharia ETF Trading Down 1.5%

NYSEARCA SPRE traded down $0.33 on Friday, hitting $20.98. 40,697 shares of the company traded hands, compared to its average volume of 71,263. The company has a market capitalization of $214.63 million, a price-to-earnings ratio of 36.50 and a beta of 1.04. The business’s 50 day moving average price is $20.50 and its 200-day moving average price is $20.11. SP Funds S&P Global REIT Sharia ETF has a 52-week low of $18.78 and a 52-week high of $21.50.

SP Funds S&P Global REIT Sharia ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, February 23rd. Investors of record on Friday, February 20th were given a dividend of $0.067 per share. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a yield of 3.8%.

About SP Funds S&P Global REIT Sharia ETF

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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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