SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) Sees Significant Increase in Short Interest

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 79,106 shares, a growth of 63.4% from the July 15th total of 48,400 shares. Based on an average daily trading volume, of 229,998 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On SP Funds Dow Jones Global Sukuk ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. DGS Capital Management LLC raised its position in shares of SP Funds Dow Jones Global Sukuk ETF by 3.0% in the 1st quarter. DGS Capital Management LLC now owns 27,505 shares of the company’s stock valued at $492,000 after purchasing an additional 789 shares in the last quarter. Strategic Blueprint LLC increased its stake in shares of 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 buying an additional 601 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of SP Funds Dow Jones Global Sukuk ETF by 10.0% in the fourth quarter. Farther Finance Advisors LLC now owns 42,110 shares of the company’s stock worth $769,000 after buying an additional 3,842 shares during the last quarter.

SP Funds Dow Jones Global Sukuk ETF Stock Down 0.1%

Shares of SP Funds Dow Jones Global Sukuk ETF stock traded down $0.01 during trading hours on Monday, hitting $17.92. 306,219 shares of the company’s stock traded hands, compared to its average volume of 288,750. SP Funds Dow Jones Global Sukuk ETF has a twelve month low of $17.76 and a twelve month high of $18.71. The stock has a 50 day simple moving average of $17.94 and a 200-day simple moving average of $18.04.

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.