SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK – Get Free Report) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 53,913 shares, a decrease of 89.6% from the May 31st total of 519,017 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 603,649 shares, the short-interest ratio is presently 0.1 days.
Institutional Trading of SP Funds Dow Jones Global Sukuk ETF
Large investors have recently modified their holdings of the company. DGS Capital Management LLC increased its position in SP Funds Dow Jones Global Sukuk ETF by 3.0% during the first quarter. DGS Capital Management LLC now owns 27,505 shares of the company’s stock valued at $492,000 after acquiring an additional 789 shares during the last quarter. Strategic Blueprint LLC boosted its position in SP Funds Dow Jones Global Sukuk ETF by 5.2% in the fourth quarter. Strategic Blueprint LLC now owns 12,264 shares of the company’s stock worth $224,000 after purchasing an additional 601 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of SP Funds Dow Jones Global Sukuk ETF by 10.0% during the 4th quarter. Farther Finance Advisors LLC now owns 42,110 shares of the company’s stock valued at $769,000 after purchasing an additional 3,842 shares during the period.
SP Funds Dow Jones Global Sukuk ETF Stock Performance
SPSK stock remained flat at $18.00 on Friday. 70,035 shares of the company traded hands, compared to its average volume of 304,596. SP Funds Dow Jones Global Sukuk ETF has a 52 week low of $17.76 and a 52 week high of $18.71. The company has a 50-day moving average of $18.03 and a 200-day moving average of $18.15.
About SP Funds Dow Jones Global Sukuk ETF
The SP Funds Dow Jones Global Sukuk ETF (SPSK) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated global investment-grade sukuk of various maturities and weighted by market value. SPSK was launched on Dec 30, 2019 and is managed by SP Funds.
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