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

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 8,353 shares, a drop of 91.3% from the February 26th total of 96,149 shares. Based on an average daily volume of 321,854 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

SP Funds Dow Jones Global Sukuk ETF Stock Down 0.3%

Shares of SPSK traded down $0.06 during mid-day trading on Thursday, hitting $17.80. 139,505 shares of the company traded hands, compared to its average volume of 278,605. The stock has a 50-day moving average price of $18.18 and a two-hundred day moving average price of $18.40. SP Funds Dow Jones Global Sukuk ETF has a 1 year low of $17.75 and a 1 year high of $18.71.

SP Funds Dow Jones Global Sukuk ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, February 23rd. Shareholders of record on Friday, February 20th were issued a dividend of $0.052 per share. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, February 20th.

Hedge Funds Weigh In On SP Funds Dow Jones Global Sukuk ETF

Institutional investors have recently bought and sold shares of the stock. Strategic Blueprint LLC lifted its holdings in SP Funds Dow Jones Global Sukuk ETF by 7.7% in the 3rd quarter. Strategic Blueprint LLC now owns 11,663 shares of the company’s stock worth $216,000 after purchasing an additional 837 shares in the last quarter. Heartwood Wealth Advisors LLC raised its position in shares of SP Funds Dow Jones Global Sukuk ETF by 5.9% during the third quarter. Heartwood Wealth Advisors LLC now owns 16,242 shares of the company’s stock valued at $300,000 after buying an additional 903 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of SP Funds Dow Jones Global Sukuk ETF by 11.9% during the third quarter. Farther Finance Advisors LLC now owns 38,268 shares of the company’s stock valued at $707,000 after buying an additional 4,080 shares during the last quarter.

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.