SP Funds S&P Global Technology ETF (NYSEARCA:SPTE – Get Free Report) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 47,097 shares, a decrease of 41.1% from the May 14th total of 79,941 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average daily volume of 39,673 shares, the short-interest ratio is presently 1.2 days.
SP Funds S&P Global Technology ETF Price Performance
SP Funds S&P Global Technology ETF stock traded up $1.84 during trading hours on Monday, hitting $49.14. The stock had a trading volume of 67,590 shares, compared to its average volume of 44,255. The stock has a market capitalization of $167.08 million, a price-to-earnings ratio of 34.36 and a beta of 1.57. SP Funds S&P Global Technology ETF has a 1-year low of $29.12 and a 1-year high of $50.75. The stock’s fifty day moving average is $43.56 and its two-hundred day moving average is $38.69.
Institutional Trading of SP Funds S&P Global Technology ETF
Several large investors have recently bought and sold shares of the company. Cetera Investment Advisers acquired a new stake in SP Funds S&P Global Technology ETF in the first quarter valued at $768,000. Merkkuri Wealth Advisors LLC acquired a new stake in SP Funds S&P Global Technology ETF in the first quarter valued at $25,000. RFG Advisory LLC acquired a new stake in SP Funds S&P Global Technology ETF in the first quarter valued at $574,000. Mariner LLC acquired a new stake in SP Funds S&P Global Technology ETF in the fourth quarter valued at $292,000. Finally, Jane Street Group LLC acquired a new stake in SP Funds S&P Global Technology ETF in the fourth quarter valued at $1,443,000.
About SP Funds S&P Global Technology ETF
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.
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