Short Interest in SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) Decreases By 35.0%

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 10,668 shares, a decline of 35.0% from the November 30th total of 16,414 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 181,314 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 181,314 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Heartwood Wealth Advisors LLC grew its stake in shares of SP Funds Dow Jones Global Sukuk ETF by 5.9% during the third quarter. Heartwood Wealth Advisors LLC now owns 16,242 shares of the company’s stock worth $300,000 after purchasing an additional 903 shares during the period. Farther Finance Advisors LLC boosted its holdings in SP Funds Dow Jones Global Sukuk ETF by 11.9% during the third quarter. Farther Finance Advisors LLC now owns 38,268 shares of the company’s stock worth $707,000 after buying an additional 4,080 shares during the last quarter. Finally, Strategic Blueprint LLC boosted its holdings in SP Funds Dow Jones Global Sukuk ETF by 7.7% during the third quarter. Strategic Blueprint LLC now owns 11,663 shares of the company’s stock worth $216,000 after buying an additional 837 shares during the last quarter.

SP Funds Dow Jones Global Sukuk ETF Stock Performance

Shares of NYSEARCA SPSK opened at $18.35 on Friday. SP Funds Dow Jones Global Sukuk ETF has a fifty-two week low of $17.51 and a fifty-two week high of $18.71. The company’s 50 day simple moving average is $18.58 and its 200 day simple moving average is $18.44.

SP Funds Dow Jones Global Sukuk ETF Company Profile

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.