SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) Short Interest Update

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) was the recipient of a large growth in short interest in May. As of May 31st, there was short interest totalling 29,600 shares, a growth of 322.9% from the May 15th total of 7,000 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 124,800 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its position in shares of SP Funds Dow Jones Global Sukuk ETF by 117.8% during the 1st quarter. Farther Finance Advisors LLC now owns 34,102 shares of the company’s stock valued at $616,000 after purchasing an additional 18,443 shares in the last quarter. Heartwood Wealth Advisors LLC grew its position in SP Funds Dow Jones Global Sukuk ETF by 22.6% in the first quarter. Heartwood Wealth Advisors LLC now owns 14,879 shares of the company’s stock worth $268,000 after acquiring an additional 2,741 shares in the last quarter. Finally, Strategic Blueprint LLC purchased a new position in SP Funds Dow Jones Global Sukuk ETF in the first quarter worth $190,000.

SP Funds Dow Jones Global Sukuk ETF Stock Performance

SPSK opened at $18.10 on Friday. The company has a fifty day moving average price of $18.03 and a 200-day moving average price of $17.95. SP Funds Dow Jones Global Sukuk ETF has a one year low of $17.51 and a one year high of $18.72.

About SP Funds Dow Jones Global Sukuk ETF

The SP Funds Dow Jones Global Sukuk ETF (SPSK) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated global investment-grade sukuk of various maturities and weighted by market value. SPSK was launched on Dec 30, 2019 and is managed by SP Funds.