SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Sees Unusually-High Trading Volume – Here’s What Happened

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) shares saw an uptick in trading volume on Monday . Approximately 383,957 shares were traded during mid-day trading, a decline of 32% from the previous session’s volume of 566,751 shares.The stock last traded at $59.06 and had previously closed at $59.16.

SP Funds S&P 500 Sharia Industry Exclusions ETF Stock Down 0.2%

The business has a fifty day moving average of $57.07 and a 200 day moving average of $53.93. The firm has a market cap of $2.99 billion, a P/E ratio of 30.44 and a beta of 1.09.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its stake in SP Funds S&P 500 Sharia Industry Exclusions ETF by 14.1% in the 4th quarter. Farther Finance Advisors LLC now owns 115,189 shares of the company’s stock valued at $5,883,000 after acquiring an additional 14,261 shares during the period. Evansbrook LLC bought a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the first quarter valued at about $243,000. Marshall Wace LLP acquired a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the 2nd quarter worth about $1,674,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the 4th quarter worth about $102,000.

About SP Funds S&P 500 Sharia Industry Exclusions ETF

The SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) is an exchange-traded fund that is based on the S&P 500 Shariah Industry Exclusions index. The fund tracks a market-cap weighted index of S&P 500 stocks that are Sharia-compliant. SPUS was launched on Dec 18, 2019 and is managed by SP Funds.