Short Interest in SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Rises By 79.8%

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 38,214 shares, a growth 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 currently 0.7 days. Currently, 0.6% of the shares of the company are short sold.

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

Hedge funds have recently added to or reduced their stakes in the company. Shariaportfolio Inc. lifted its holdings in shares of SP Funds S&P World (ex-US) ETF by 5.8% in the 4th quarter. Shariaportfolio Inc. now owns 809,269 shares of the company’s stock valued at $22,093,000 after buying an additional 44,677 shares during the period. TD Waterhouse Canada Inc. boosted 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 worth $2,215,000 after buying an additional 32,030 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of SP Funds S&P World (ex-US) ETF in the third quarter valued at approximately $761,000. Tidal Investments LLC grew its holdings in SP Funds S&P World (ex-US) ETF by 106.2% during the 2nd quarter. Tidal Investments LLC now owns 48,508 shares of the company’s stock valued at $1,184,000 after buying an additional 24,978 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of SP Funds S&P World (ex-US) ETF by 105.9% during 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%

Shares of NYSEARCA SPWO traded up $1.34 during midday trading on Thursday, reaching $31.94. 58,662 shares of the company were exchanged, compared to its average volume of 61,660. SP Funds S&P World has a 1 year low of $23.86 and a 1 year high of $35.46. The stock has a fifty day simple moving average of $33.28 and a 200 day simple moving average of $31.19. The stock has a market cap of $193.88 million, a P/E ratio of 21.74 and a beta of 0.89.

SP Funds S&P World (ex-US) ETF Company Profile

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.