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

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 123,739 shares, an increase of 56.4% from the July 30th total of 79,106 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 213,896 shares, the days-to-cover ratio is presently 0.6 days.

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

A hedge fund recently raised its position in SP Funds Dow Jones Global Sukuk ETF stock. DGS Capital Management LLC increased its stake in shares of SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) by 3.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 27,505 shares of the company’s stock after purchasing an additional 789 shares during the period. DGS Capital Management LLC owned approximately 0.11% of SP Funds Dow Jones Global Sukuk ETF worth $492,000 at the end of the most recent reporting period.

SP Funds Dow Jones Global Sukuk ETF Price Performance

Shares of NYSEARCA:SPSK opened at $17.84 on Thursday. SP Funds Dow Jones Global Sukuk ETF has a 12-month low of $17.76 and a 12-month high of $18.71. The business has a 50-day moving average price of $17.92 and a 200 day moving average price of $18.01.

SP Funds Dow Jones Global Sukuk ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, August 27th. Shareholders of record on Wednesday, August 26th were paid a dividend of $0.052 per share. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, August 26th.

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.