SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Sees Significant Growth in Short Interest

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) saw a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 165,088 shares, an increase of 207.1% from the October 15th total of 53,753 shares. Based on an average daily volume of 60,657 shares, the days-to-cover ratio is currently 2.7 days. Approximately 2.2% of the company’s stock are sold short.

Hedge Funds Weigh In On SP Funds S&P World (ex-US) ETF

Several hedge funds have recently bought and sold shares of SPWO. Advocacy Wealth Management LLC raised its holdings in SP Funds S&P World (ex-US) ETF by 23.0% during the second quarter. Advocacy Wealth Management LLC now owns 94,504 shares of the company’s stock valued at $3,268,000 after buying an additional 17,698 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of SP Funds S&P World (ex-US) ETF by 20.3% in the third quarter. TD Waterhouse Canada Inc. now owns 67,465 shares of the company’s stock worth $2,265,000 after buying an additional 11,374 shares during the last quarter. Wrenne Financial Planning LLC acquired a new stake in shares of SP Funds S&P World (ex-US) ETF in the third quarter worth about $719,000. Farther Finance Advisors LLC boosted its stake in shares of SP Funds S&P World (ex-US) ETF by 6.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 18,728 shares of the company’s stock worth $627,000 after acquiring an additional 1,199 shares in the last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of SP Funds S&P World (ex-US) ETF during the 1st quarter worth about $486,000.

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

Shares of SP Funds S&P World (ex-US) ETF stock traded down $0.53 during midday trading on Thursday, reaching $30.58. 72,755 shares of the company’s stock traded hands, compared to its average volume of 65,445. SP Funds S&P World has a 52 week low of $25.51 and a 52 week high of $35.46. The company’s 50 day simple moving average is $32.58 and its 200 day simple moving average is $31.89. The company has a market cap of $233.94 million, a price-to-earnings ratio of 19.74 and a beta of 0.97.

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.