SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Short Interest Update

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 22,903 shares, an increase of 240.2% from the January 15th total of 6,733 shares. Based on an average daily trading volume, of 62,009 shares, the short-interest ratio is currently 0.4 days. Approximately 0.6% of the company’s stock are sold short. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 62,009 shares, the short-interest ratio is currently 0.4 days.

SP Funds S&P World (ex-US) ETF Stock Up 0.6%

Shares of NYSEARCA:SPWO traded up $0.18 on Friday, hitting $30.58. 34,795 shares of the company traded hands, compared to its average volume of 62,426. The stock has a 50 day simple moving average of $28.49 and a 200-day simple moving average of $26.93. The company has a market cap of $116.20 million, a PE ratio of 21.74 and a beta of 0.67. SP Funds S&P World has a 52 week low of $19.15 and a 52 week high of $31.34.

SP Funds S&P World (ex-US) ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, January 26th. Stockholders of record on Friday, January 23rd were paid a $0.0255 dividend. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, January 23rd.

Hedge Funds Weigh In On SP Funds S&P World (ex-US) ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPWO. Shariaportfolio Inc. boosted its holdings in SP Funds S&P World (ex-US) ETF by 4.9% in the 3rd quarter. Shariaportfolio Inc. now owns 764,592 shares of the company’s stock worth $20,376,000 after buying an additional 35,486 shares during the period. RFG Advisory LLC boosted its stake in shares of SP Funds S&P World (ex-US) ETF by 91.8% in the third quarter. RFG Advisory LLC now owns 364,359 shares of the company’s stock worth $9,710,000 after acquiring an additional 174,396 shares during the period. TD Waterhouse Canada Inc. grew its position in shares of SP Funds S&P World (ex-US) ETF by 3.5% during the second quarter. TD Waterhouse Canada Inc. now owns 46,968 shares of the company’s stock worth $1,141,000 after purchasing an additional 1,604 shares in the last quarter. CWM LLC raised its stake in SP Funds S&P World (ex-US) ETF by 278.2% during the 3rd quarter. CWM LLC now owns 5,129 shares of the company’s stock valued at $137,000 after purchasing an additional 3,773 shares during the period. Finally, Pacific Center for Financial Services bought a new position in SP Funds S&P World (ex-US) ETF in the 2nd quarter worth approximately $38,000.

About SP Funds S&P World (ex-US) ETF

The SP Funds S&P World (ex-US) ETF (SPWO) is an exchange-traded fund that is based on the S&P DM Ex-U.S. & EM 50/50 Shariah index. The fund tracks an index of 500 Sharia-compliant companies from developed and emerging markets outside the US. Holdings are modified market cap-weighted SPWO was launched on Dec 19, 2023 and is issued by SP Funds.