SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) Stock Short Interest Report for October

SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 61,893 shares, a growth of 210.4% from the September 30th total of 19,938 shares. Based on an average trading volume of 60,257 shares, the short-interest ratio is currently 1.0 days. Approximately 1.1% of the company’s shares are sold short.

Institutional Trading of SP Funds S&P Global Technology ETF

Institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc increased its holdings in shares of SP Funds S&P Global Technology ETF by 182.1% during the 2nd quarter. IFP Advisors Inc now owns 1,845 shares of the company’s stock worth $90,000 after buying an additional 1,191 shares during the last quarter. World Equity Group Inc. purchased a new position in shares of SP Funds S&P Global Technology ETF in the 2nd quarter worth $232,000. Strengthening Families & Communities LLC raised its position in shares of SP Funds S&P Global Technology ETF by 8.9% in the 2nd quarter. Strengthening Families & Communities LLC now owns 7,423 shares of the company’s stock worth $362,000 after buying an additional 609 shares during the period. Cetera Investment Advisers purchased a new position in shares of SP Funds S&P Global Technology ETF in the 1st quarter worth $768,000. Finally, Farther Finance Advisors LLC boosted its holdings in SP Funds S&P Global Technology ETF by 9.7% in the third quarter. Farther Finance Advisors LLC now owns 23,034 shares of the company’s stock valued at $1,152,000 after acquiring an additional 2,033 shares during the last quarter.

SP Funds S&P Global Technology ETF Stock Performance

SP Funds S&P Global Technology ETF stock opened at $48.48 on Thursday. SP Funds S&P Global Technology ETF has a 1 year low of $32.74 and a 1 year high of $52.38. The firm has a 50 day moving average price of $48.40 and a 200 day moving average price of $43.41. The company has a market cap of $263.25 million, a price-to-earnings ratio of 34.36 and a beta of 1.57.

SP Funds S&P Global Technology ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Tuesday, October 27th were issued a $0.0065 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Tuesday, October 27th.

SP Funds S&P Global Technology ETF Company Profile

The SP Funds S&P Global Technology ETF (SPTE) is an exchange-traded fund that mostly invests in information technology equity. The fund is a passively managed fund, investing in global technology firms adhering to Shariah investment principles. Stocks selected for the portfolio are weighted based on market-cap SPTE was launched on Nov 30, 2023 and is issued by SP Funds.