Short Interest in SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Declines By 86.4%

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 21,249 shares, a drop of 86.4% from the June 15th total of 156,784 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 56,876 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SPWO. Farther Finance Advisors LLC bought a new position in SP Funds S&P World (ex-US) ETF during the fourth quarter worth $52,000. CWM LLC grew its holdings in SP Funds S&P World (ex-US) ETF by 31.4% in the fourth quarter. CWM LLC now owns 6,737 shares of the company’s stock worth $184,000 after purchasing an additional 1,608 shares during the period. Strengthening Families & Communities LLC increased its stake in SP Funds S&P World (ex-US) ETF by 243.6% in the fourth quarter. Strengthening Families & Communities LLC now owns 6,955 shares of the company’s stock valued at $190,000 after purchasing an additional 4,931 shares in the last quarter. Mariner LLC acquired a new position in shares of SP Funds S&P World (ex-US) ETF during the fourth quarter valued at about $269,000. Finally, Citadel Advisors LLC acquired a new position in shares of SP Funds S&P World (ex-US) ETF during the third quarter valued at about $278,000.

SP Funds S&P World (ex-US) ETF Stock Performance

Shares of SP Funds S&P World (ex-US) ETF stock traded down $0.06 during trading on Friday, reaching $33.37. 47,608 shares of the company’s stock were exchanged, compared to its average volume of 62,281. SP Funds S&P World has a 1-year low of $23.86 and a 1-year high of $35.46. The company has a market cap of $197.88 million, a P/E ratio of 21.74 and a beta of 0.89. The firm’s 50-day moving average price is $33.43 and its 200 day moving average price is $30.77.

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.