SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Sees Significant Decline in Short Interest

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 38,197 shares, a decline of 84.0% from the September 15th total of 239,246 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 74,342 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On SP Funds S&P Global REIT Sharia ETF

A hedge fund recently raised its stake in SP Funds S&P Global REIT Sharia ETF stock. Farther Finance Advisors LLC boosted its position in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) by 18.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,916 shares of the company’s stock after buying an additional 2,892 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.18% of SP Funds S&P Global REIT Sharia ETF worth $358,000 at the end of the most recent quarter.

SP Funds S&P Global REIT Sharia ETF Stock Down 0.1%

Shares of SP Funds S&P Global REIT Sharia ETF stock traded down $0.03 during trading hours on Monday, hitting $18.64. 57,952 shares of the company’s stock traded hands, compared to its average volume of 73,821. The stock has a 50 day simple moving average of $20.34 and a 200-day simple moving average of $20.78. The company has a market cap of $195.29 million, a PE ratio of 36.50 and a beta of 1.01. SP Funds S&P Global REIT Sharia ETF has a twelve month low of $18.29 and a twelve month high of $21.91.

SP Funds S&P Global REIT Sharia ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 28th were issued a $0.0670 dividend. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.80 dividend on an annualized basis and a yield of 4.3%.

SP Funds S&P Global REIT Sharia ETF Company Profile

The SP Funds S&P Global REIT Sharia ETF (SPRE) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a market-cap-weighted index of Shariah-compliant global REITs. SPRE was launched on Dec 30, 2020 and is managed by SP Funds.