SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Sees Unusually-High Trading Volume – Here’s What Happened

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) shares saw strong trading volume on Tuesday . Approximately 556,868 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 553,975 shares.The stock last traded at $58.32 and had previously closed at $58.08.

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

The stock has a market cap of $2.96 billion, a P/E ratio of 30.44 and a beta of 1.09. The stock’s fifty day simple moving average is $57.43 and its 200-day simple moving average is $54.49.

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

Several hedge funds have recently bought and sold shares of the company. Marshall Wace LLP bought a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF in the second quarter valued at approximately $1,674,000. Evansbrook LLC bought a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the first quarter worth about $243,000. Murphy & Mullick Capital Management Corp bought a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF during the 4th quarter worth approximately $102,000. Finally, Operose Advisors LLC acquired a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF in the second quarter valued at $33,000.

About SP Funds S&P 500 Sharia Industry Exclusions ETF

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.