SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Short Interest Up 93.6% in March

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 117,019 shares, a growth of 93.6% from the March 15th total of 60,430 shares. Based on an average daily trading volume, of 765,956 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Trading of SP Funds S&P 500 Sharia Industry Exclusions ETF

A number of large investors have recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the fourth quarter valued at $102,000. Farther Finance Advisors LLC grew its position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 14.1% in the fourth quarter. Farther Finance Advisors LLC now owns 115,189 shares of the company’s stock valued at $5,883,000 after purchasing an additional 14,261 shares in the last quarter. Jaffetilchin Investment Partners LLC grew its position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 20.9% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 15,969 shares of the company’s stock valued at $816,000 after purchasing an additional 2,765 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the second quarter valued at $1,674,000.

SP Funds S&P 500 Sharia Industry Exclusions ETF Price Performance

NYSEARCA:SPUS opened at $50.39 on Monday. The business has a fifty day simple moving average of $50.06 and a two-hundred day simple moving average of $50.55. SP Funds S&P 500 Sharia Industry Exclusions ETF has a 1 year low of $35.05 and a 1 year high of $52.43. The company has a market capitalization of $2.18 billion, a P/E ratio of 30.44 and a beta of 1.08.

SP Funds S&P 500 Sharia Industry Exclusions ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, February 23rd. Shareholders of record on Friday, February 20th were given a $0.026 dividend. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, February 20th.

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.