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

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 48,991 shares, a drop of 78.3% from the May 31st total of 225,655 shares. Based on an average daily trading volume, of 100,321 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.5% of the shares of the company are short sold.

SP Funds S&P Global REIT Sharia ETF Trading Up 0.8%

SP Funds S&P Global REIT Sharia ETF stock traded up $0.17 during mid-day trading on Friday, hitting $21.52. The company had a trading volume of 26,106 shares, compared to its average volume of 76,479. The company has a market capitalization of $220.15 million, a price-to-earnings ratio of 36.50 and a beta of 1.02. The company’s fifty day moving average is $21.17 and its 200-day moving average is $20.47. SP Funds S&P Global REIT Sharia ETF has a 12-month low of $18.78 and a 12-month high of $21.70.

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

An institutional investor recently bought a new position in SP Funds S&P Global REIT Sharia ETF stock. Flow Traders U.S. LLC acquired a new stake 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 (SEC). The firm acquired 61,580 shares of the company’s stock, valued at approximately $1,200,000. Flow Traders U.S. LLC owned approximately 0.70% of SP Funds S&P Global REIT Sharia ETF as of its most recent SEC filing.

SP Funds S&P Global REIT Sharia ETF Company Profile

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.