SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK – Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 171,844 shares, an increase of 110.2% from the April 30th total of 81,754 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average trading volume of 252,520 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Trading of SP Funds Dow Jones Global Sukuk ETF
A number of large investors have recently modified their holdings of SPSK. Farther Finance Advisors LLC boosted its position in shares of SP Funds Dow Jones Global Sukuk ETF by 10.0% during the 4th quarter. Farther Finance Advisors LLC now owns 42,110 shares of the company’s stock valued at $769,000 after acquiring an additional 3,842 shares during the last quarter. Strategic Blueprint LLC raised its holdings in shares of SP Funds Dow Jones Global Sukuk ETF by 5.2% during the 4th quarter. Strategic Blueprint LLC now owns 12,264 shares of the company’s stock valued at $224,000 after buying an additional 601 shares in the last quarter. Finally, DGS Capital Management LLC raised its holdings in shares of SP Funds Dow Jones Global Sukuk ETF by 3.0% during the 1st quarter. DGS Capital Management LLC now owns 27,505 shares of the company’s stock valued at $492,000 after buying an additional 789 shares in the last quarter.
SP Funds Dow Jones Global Sukuk ETF Stock Performance
Shares of SPSK opened at $18.06 on Monday. The stock has a 50-day moving average price of $18.00 and a 200-day moving average price of $18.23. SP Funds Dow Jones Global Sukuk ETF has a 12-month low of $17.76 and a 12-month high of $18.71.
SP Funds Dow Jones Global Sukuk ETF Company Profile
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.
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