SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO – Get Free Report) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 38,214 shares, an increase of 79.8% from the June 30th total of 21,249 shares. Based on an average daily volume of 58,785 shares, the short-interest ratio is presently 0.7 days. Currently, 0.6% of the company’s stock are short sold.
Hedge Funds Weigh In On SP Funds S&P World (ex-US) ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPWO. Shariaportfolio Inc. lifted its position in shares of SP Funds S&P World (ex-US) ETF by 5.8% during the 4th quarter. Shariaportfolio Inc. now owns 809,269 shares of the company’s stock worth $22,093,000 after buying an additional 44,677 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in shares of SP Funds S&P World (ex-US) ETF by 65.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 81,293 shares of the company’s stock valued at $2,215,000 after buying an additional 32,030 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of SP Funds S&P World (ex-US) ETF in the 4th quarter valued at $367,000. Susquehanna International Group LLP acquired a new stake in SP Funds S&P World (ex-US) ETF during the 3rd quarter worth $761,000. Finally, Jane Street Group LLC lifted its position in SP Funds S&P World (ex-US) ETF by 105.9% in the first quarter. Jane Street Group LLC now owns 34,845 shares of the company’s stock valued at $765,000 after acquiring an additional 17,925 shares during the last quarter.
SP Funds S&P World (ex-US) ETF Trading Up 4.4%
NYSEARCA:SPWO traded up $1.34 during trading hours on Thursday, hitting $31.94. The company’s stock had a trading volume of 58,662 shares, compared to its average volume of 61,660. SP Funds S&P World has a 52-week low of $23.86 and a 52-week high of $35.46. The stock has a market capitalization of $193.88 million, a P/E ratio of 21.74 and a beta of 0.89. The stock has a fifty day moving average of $33.28 and a 200-day moving average of $31.19.
About SP Funds S&P World (ex-US) ETF
The SP Funds S&P World (ex-US) ETF (SPWO) is an exchange-traded fund that is based on the S&P DM Ex-U.S. & EM 50/50 Shariah index. The fund tracks an index of 500 Sharia-compliant companies from developed and emerging markets outside the US. Holdings are modified market cap-weighted SPWO was launched on Dec 19, 2023 and is issued by SP Funds.
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