SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) Short Interest Update

SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 20,726 shares, an increase of 260.4% from the August 15th total of 5,751 shares. Based on an average daily trading volume, of 41,632 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On SP Funds S&P Global Technology ETF

Several large investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in shares of SP Funds S&P Global Technology ETF during the 4th quarter worth about $1,443,000. Susquehanna International Group LLP lifted its position in SP Funds S&P Global Technology ETF by 96.4% in the third quarter. Susquehanna International Group LLP now owns 48,628 shares of the company’s stock valued at $1,672,000 after buying an additional 23,870 shares during the last quarter. Cetera Investment Advisers acquired a new position in SP Funds S&P Global Technology ETF in the first quarter valued at about $768,000. RFG Advisory LLC purchased a new position in SP Funds S&P Global Technology ETF during the first quarter worth about $574,000. Finally, Flow Traders U.S. LLC purchased a new position in SP Funds S&P Global Technology ETF during the second quarter worth about $345,000.

SP Funds S&P Global Technology ETF Stock Performance

Shares of NYSEARCA SPTE traded up $0.44 during midday trading on Friday, reaching $47.94. 19,889 shares of the stock were exchanged, compared to its average volume of 48,400. The stock has a market capitalization of $226.28 million, a P/E ratio of 34.36 and a beta of 1.60. The company has a 50 day simple moving average of $46.77 and a 200 day simple moving average of $43.52. SP Funds S&P Global Technology ETF has a twelve month low of $32.74 and a twelve month high of $50.75.

SP Funds S&P Global Technology ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 28th. Shareholders of record on Monday, July 27th were paid a dividend of $0.0065 per share. The ex-dividend date of this dividend was Monday, July 27th. This represents a c) annualized dividend and a yield of 0.2%.

SP Funds S&P Global Technology ETF Company Profile

The SP Funds S&P Global Technology ETF (SPTE) is an exchange-traded fund that mostly invests in information technology equity. The fund is a passively managed fund, investing in global technology firms adhering to Shariah investment principles. Stocks selected for the portfolio are weighted based on market-cap SPTE was launched on Nov 30, 2023 and is issued by SP Funds.