SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Sees Significant Drop in Short Interest

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 21,249 shares, a drop of 86.4% from the June 15th total of 156,784 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 56,876 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On SP Funds S&P World (ex-US) ETF

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC bought a new stake in SP Funds S&P World (ex-US) ETF in the 4th quarter worth about $52,000. CWM LLC lifted its stake in SP Funds S&P World (ex-US) ETF by 31.4% during the 4th quarter. CWM LLC now owns 6,737 shares of the company’s stock valued at $184,000 after acquiring an additional 1,608 shares during the period. Strengthening Families & Communities LLC boosted its holdings in shares of SP Funds S&P World (ex-US) ETF by 243.6% during the 4th quarter. Strengthening Families & Communities LLC now owns 6,955 shares of the company’s stock valued at $190,000 after acquiring an additional 4,931 shares during the last quarter. Mariner LLC purchased a new stake in shares of SP Funds S&P World (ex-US) ETF during the 4th quarter valued at about $269,000. Finally, Citadel Advisors LLC bought a new stake in shares of SP Funds S&P World (ex-US) ETF in the third quarter worth approximately $278,000.

SP Funds S&P World (ex-US) ETF Stock Down 0.2%

Shares of NYSEARCA SPWO traded down $0.06 during midday trading on Friday, hitting $33.37. The stock had a trading volume of 47,608 shares, compared to its average volume of 62,281. The business’s 50 day moving average is $33.43 and its 200-day moving average is $30.79. The company has a market cap of $197.88 million, a P/E ratio of 21.74 and a beta of 0.89. SP Funds S&P World has a 52 week low of $23.86 and a 52 week high of $35.46.

SP Funds S&P World (ex-US) ETF Company Profile

The SP Funds S&P World (ex-US) ETF (SPWO) is an exchange-traded fund that is based on the S&P DM Ex-U.S. & EM 50/50 Shariah index. The fund tracks an index of 500 Sharia-compliant companies from developed and emerging markets outside the US. Holdings are modified market cap-weighted SPWO was launched on Dec 19, 2023 and is issued by SP Funds.