Short Interest in SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Expands By 84.9%

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 159,511 shares, an increase of 84.9% from the November 30th total of 86,256 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 380,889 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 380,889 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Investors Weigh In On SP Funds S&P 500 Sharia Industry Exclusions ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the second quarter worth approximately $207,000. Jaffetilchin Investment Partners LLC grew its position in SP Funds S&P 500 Sharia Industry Exclusions ETF by 69.8% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 12,682 shares of the company’s stock valued at $563,000 after purchasing an additional 5,212 shares during the period. Farther Finance Advisors LLC increased its stake in SP Funds S&P 500 Sharia Industry Exclusions ETF by 4.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 100,928 shares of the company’s stock valued at $4,987,000 after purchasing an additional 3,916 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF during the second quarter worth $1,674,000.

SP Funds S&P 500 Sharia Industry Exclusions ETF Trading Up 0.1%

SPUS opened at $51.75 on Friday. SP Funds S&P 500 Sharia Industry Exclusions ETF has a 1-year low of $33.32 and a 1-year high of $52.35. The company has a market cap of $1.82 billion, a P/E ratio of 30.44 and a beta of 1.04. The company has a fifty day moving average price of $50.94 and a two-hundred day moving average price of $48.13.

SP Funds S&P 500 Sharia Industry Exclusions ETF Company Profile

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.