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

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 80,208 shares, a decrease of 54.4% from the September 30th total of 175,749 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 246,864 shares, the short-interest ratio is presently 0.3 days.

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

A hedge fund recently raised its stake in SP Funds Dow Jones Global Sukuk ETF stock. Heartwood Wealth Advisors LLC raised its holdings in SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,713 shares of the company’s stock after buying an additional 925 shares during the quarter. Heartwood Wealth Advisors LLC owned about 0.08% of SP Funds Dow Jones Global Sukuk ETF worth $377,000 at the end of the most recent quarter.

SP Funds Dow Jones Global Sukuk ETF Stock Performance

Shares of SP Funds Dow Jones Global Sukuk ETF stock traded up $0.02 during trading on Friday, reaching $17.54. 157,913 shares of the stock were exchanged, compared to its average volume of 327,622. The stock’s fifty day moving average is $17.61 and its 200 day moving average is $17.94. SP Funds Dow Jones Global Sukuk ETF has a 1 year low of $17.30 and a 1 year high of $18.65.

SP Funds Dow Jones Global Sukuk ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Tuesday, October 27th were given a dividend of $0.0520 per share. The ex-dividend date of this dividend was Tuesday, October 27th. This represents a $0.62 dividend on an annualized basis and a yield of 3.6%.

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.