SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) Sees Large Decline in Short Interest

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 48,400 shares, a decrease of 41.3% from the June 30th total of 82,491 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 233,396 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On SP Funds Dow Jones Global Sukuk ETF

Several large investors have recently added to or reduced their stakes in SPSK. Strategic Blueprint LLC lifted its position in shares of SP Funds Dow Jones Global Sukuk ETF by 5.2% in the 4th quarter. Strategic Blueprint LLC now owns 12,264 shares of the company’s stock worth $224,000 after acquiring an additional 601 shares during the period. DGS Capital Management LLC grew its holdings in shares of SP Funds Dow Jones Global Sukuk ETF by 3.0% during the 1st quarter. DGS Capital Management LLC now owns 27,505 shares of the company’s stock worth $492,000 after purchasing an additional 789 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of SP Funds Dow Jones Global Sukuk ETF by 10.0% during the fourth quarter. Farther Finance Advisors LLC now owns 42,110 shares of the company’s stock valued at $769,000 after purchasing an additional 3,842 shares during the period.

SP Funds Dow Jones Global Sukuk ETF Stock Up 0.1%

Shares of SPSK traded up $0.02 during trading hours on Thursday, reaching $17.82. 210,906 shares of the company traded hands, compared to its average volume of 294,768. The stock’s fifty day moving average is $17.97 and its 200 day moving average is $18.07. SP Funds Dow Jones Global Sukuk ETF has a 1-year low of $17.76 and a 1-year high of $18.71.

About SP Funds Dow Jones Global Sukuk ETF

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.