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

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 59,559 shares, an increase of 79.3% from the September 15th total of 33,213 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 76,037 shares, the short-interest ratio is presently 0.8 days.

SP Funds S&P World (ex-US) ETF Stock Performance

Shares of NYSEARCA SPWO traded down $0.81 during trading hours on Thursday, reaching $31.51. 21,645 shares of the stock were exchanged, compared to its average volume of 64,314. The firm has a market capitalization of $230.02 million, a price-to-earnings ratio of 21.74 and a beta of 0.93. The stock’s fifty day simple moving average is $33.49 and its 200 day simple moving average is $32.69. SP Funds S&P World has a 52 week low of $25.51 and a 52 week high of $35.46.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPWO. Strengthening Families & Communities LLC grew its stake in shares of SP Funds S&P World (ex-US) ETF by 4.1% in the second quarter. Strengthening Families & Communities LLC now owns 13,253 shares of the company’s stock valued at $458,000 after acquiring an additional 518 shares in the last quarter. Timbuktu Capital Management LLC bought a new position in SP Funds S&P World (ex-US) ETF during the second quarter worth about $34,000. Farther Finance Advisors LLC raised its stake in SP Funds S&P World (ex-US) ETF by 6.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 18,728 shares of the company’s stock worth $627,000 after purchasing an additional 1,199 shares in the last quarter. Range Advisory LLC raised its stake in SP Funds S&P World (ex-US) ETF by 15.5% in the 2nd quarter. Range Advisory LLC now owns 9,147 shares of the company’s stock worth $316,000 after purchasing an additional 1,230 shares in the last quarter. Finally, Lido Advisors LLC raised its stake in SP Funds S&P World (ex-US) ETF by 11.0% in the 1st quarter. Lido Advisors LLC now owns 12,762 shares of the company’s stock worth $360,000 after purchasing an additional 1,267 shares in the last quarter.

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

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.