SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Sees Significant Increase in Short Interest

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 159,511 shares, a growth of 84.9% from the November 30th total of 86,256 shares. Based on an average daily trading volume, of 380,889 shares, the short-interest ratio is presently 0.4 days. Approximately 0.5% of the shares of the company are short sold. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 380,889 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On SP Funds S&P 500 Sharia Industry Exclusions ETF

Large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC purchased a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the 2nd quarter worth about $207,000. Jaffetilchin Investment Partners LLC raised its position in SP Funds S&P 500 Sharia Industry Exclusions ETF by 69.8% in the second quarter. Jaffetilchin Investment Partners LLC now owns 12,682 shares of the company’s stock worth $563,000 after acquiring an additional 5,212 shares during the period. Marshall Wace LLP purchased a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF in the second quarter valued at about $1,674,000. Finally, Farther Finance Advisors LLC boosted its stake in SP Funds S&P 500 Sharia Industry Exclusions ETF by 4.0% in the third quarter. Farther Finance Advisors LLC now owns 100,928 shares of the company’s stock valued at $4,987,000 after acquiring an additional 3,916 shares during the last quarter.

SP Funds S&P 500 Sharia Industry Exclusions ETF Trading Down 0.4%

Shares of SPUS opened at $51.56 on Tuesday. The stock has a 50 day moving average of $50.97 and a 200 day moving average of $48.22. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 30.44 and a beta of 1.04. SP Funds S&P 500 Sharia Industry Exclusions ETF has a 12 month low of $33.32 and a 12 month high of $52.35.

About SP Funds S&P 500 Sharia Industry Exclusions ETF

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.