SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) Short Interest Update

SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 47,097 shares, a decline of 41.1% from the May 14th total of 79,941 shares. Based on an average daily volume of 39,673 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.4% of the shares of the company are short sold.

SP Funds S&P Global Technology ETF Stock Down 3.1%

Shares of NYSEARCA SPTE opened at $47.60 on Wednesday. SP Funds S&P Global Technology ETF has a fifty-two week low of $29.12 and a fifty-two week high of $50.75. The firm’s 50-day simple moving average is $43.82 and its 200 day simple moving average is $38.78. The stock has a market cap of $161.84 million, a P/E ratio of 34.36 and a beta of 1.57.

Institutional Investors Weigh In On SP Funds S&P Global Technology ETF

Several hedge funds and other institutional investors have recently bought and sold shares of SPTE. Jane Street Group LLC bought a new stake in SP Funds S&P Global Technology ETF in the first quarter worth about $568,000. Flow Traders U.S. LLC bought a new stake in SP Funds S&P Global Technology ETF in the second quarter worth about $345,000. Bank of America Corp DE bought a new stake in SP Funds S&P Global Technology ETF in the second quarter worth about $50,000. Citadel Advisors LLC raised its position in SP Funds S&P Global Technology ETF by 44.2% in the third quarter. Citadel Advisors LLC now owns 10,010 shares of the company’s stock worth $344,000 after acquiring an additional 3,068 shares in the last quarter. Finally, Susquehanna International Group LLP raised its position in SP Funds S&P Global Technology ETF by 96.4% in the third quarter. Susquehanna International Group LLP now owns 48,628 shares of the company’s stock worth $1,672,000 after acquiring an additional 23,870 shares in the last quarter.

About SP Funds S&P Global Technology ETF

The SP Funds S&P Global Technology ETF (SPTE) is an exchange-traded fund that mostly invests in information technology equity. The fund is a passively managed fund, investing in global technology firms adhering to Shariah investment principles. Stocks selected for the portfolio are weighted based on market-cap SPTE was launched on Nov 30, 2023 and is issued by SP Funds.