SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) Shares Shorted: Short Interest Up 845.2% in September

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 175,749 shares, an increase of 845.2% from the September 15th total of 18,593 shares. Based on an average daily volume of 1,319,321 shares, the short-interest ratio is currently 0.1 days. Currently, 0.7% of the shares of the company are short sold.

SP Funds Dow Jones Global Sukuk ETF Price Performance

Shares of NYSEARCA:SPSK traded down $0.02 during trading on Friday, hitting $17.45. The company’s stock had a trading volume of 114,939 shares, compared to its average volume of 341,338. SP Funds Dow Jones Global Sukuk ETF has a 12 month low of $17.30 and a 12 month high of $18.71. The company has a 50-day moving average of $17.74 and a 200-day moving average of $17.90.

SP Funds Dow Jones Global Sukuk ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 28th were given a $0.0520 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, September 28th.

Institutional Investors Weigh In On SP Funds Dow Jones Global Sukuk ETF

A hedge fund recently raised its stake in SP Funds Dow Jones Global Sukuk ETF stock. Heartwood Wealth Advisors LLC increased its stake in SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) by 4.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,713 shares of the company’s stock after buying an additional 925 shares during the period. Heartwood Wealth Advisors LLC owned 0.08% of SP Funds Dow Jones Global Sukuk ETF worth $377,000 as of its most recent SEC filing.

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.