SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Short Interest Update

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 48,991 shares, a drop of 78.3% from the May 31st total of 225,655 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 100,321 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SP Funds S&P Global REIT Sharia ETF stock. Flow Traders U.S. LLC acquired a new position in shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 61,580 shares of the company’s stock, valued at approximately $1,200,000. Flow Traders U.S. LLC owned approximately 0.70% of SP Funds S&P Global REIT Sharia ETF as of its most recent SEC filing.

SP Funds S&P Global REIT Sharia ETF Stock Down 0.6%

SPRE traded down $0.13 during trading hours on Monday, hitting $21.39. 87,657 shares of the company’s stock were exchanged, compared to its average volume of 76,534. The stock has a market cap of $218.82 million, a price-to-earnings ratio of 36.50 and a beta of 1.02. SP Funds S&P Global REIT Sharia ETF has a 1-year low of $18.78 and a 1-year high of $21.70. The stock’s 50-day moving average is $21.17 and its two-hundred day moving average is $20.48.

About SP Funds S&P Global REIT Sharia ETF

The SP Funds S&P Global REIT Sharia ETF (SPRE) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a market-cap-weighted index of Shariah-compliant global REITs. SPRE was launched on Dec 30, 2020 and is managed by SP Funds.