SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Short Interest Update

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 155,797 shares, an increase of 121.2% from the April 30th total of 70,436 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average daily volume of 69,638 shares, the short-interest ratio is currently 2.2 days.

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

A hedge fund recently bought a new stake in SP Funds S&P Global REIT Sharia ETF stock. Flow Traders U.S. LLC purchased a new position in shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 61,580 shares of the company’s stock, valued at approximately $1,200,000. Flow Traders U.S. LLC owned 0.70% of SP Funds S&P Global REIT Sharia ETF as of its most recent filing with the Securities and Exchange Commission.

SP Funds S&P Global REIT Sharia ETF Trading Down 0.3%

Shares of SPRE stock traded down $0.06 during trading hours on Friday, reaching $21.11. 31,635 shares of the company’s stock were exchanged, compared to its average volume of 75,760. The stock’s 50 day moving average is $20.67 and its 200-day moving average is $20.22. The company has a market cap of $215.96 million, a price-to-earnings ratio of 36.50 and a beta of 1.04. SP Funds S&P Global REIT Sharia ETF has a fifty-two week low of $18.78 and a fifty-two week high of $21.50.

About SP Funds S&P Global REIT Sharia ETF

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.