SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Sees Significant Growth in Short Interest

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 96,149 shares, a growth of 54.6% from the February 12th total of 62,177 shares. Based on an average daily volume of 585,885 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 585,885 shares, the short-interest ratio is presently 0.2 days.

SP Funds S&P 500 Sharia Industry Exclusions ETF Price Performance

SPUS stock traded down $0.48 during mid-day trading on Friday, reaching $49.16. The company had a trading volume of 565,948 shares, compared to its average volume of 634,283. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 30.44 and a beta of 1.04. SP Funds S&P 500 Sharia Industry Exclusions ETF has a 52 week low of $33.32 and a 52 week high of $52.43. The stock has a 50 day simple moving average of $51.14 and a two-hundred day simple moving average of $50.38.

SP Funds S&P 500 Sharia Industry Exclusions ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, February 23rd. Investors of record on Friday, February 20th were paid a $0.026 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 0.6%.

Institutional Trading of SP Funds S&P 500 Sharia Industry Exclusions ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF in the fourth quarter valued at $102,000. Jaffetilchin Investment Partners LLC grew its position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 69.8% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 12,682 shares of the company’s stock valued at $563,000 after acquiring an additional 5,212 shares during the period. Marshall Wace LLP acquired a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the 2nd quarter worth about $1,674,000. Finally, Farther Finance Advisors LLC increased its stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 4.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 100,928 shares of the company’s stock worth $4,987,000 after purchasing an additional 3,916 shares during the last quarter.

SP Funds S&P 500 Sharia Industry Exclusions ETF Company Profile

The SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) is an exchange-traded fund that is based on the S&P 500 Shariah Industry Exclusions index. The fund tracks a market-cap weighted index of S&P 500 stocks that are Sharia-compliant. SPUS was launched on Dec 18, 2019 and is managed by SP Funds.