SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Sees Significant Increase in Short Interest

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 38,214 shares, a growth of 79.8% from the June 30th total of 21,249 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 58,785 shares, the days-to-cover ratio is currently 0.7 days.

SP Funds S&P World (ex-US) ETF Stock Up 0.3%

SPWO stock traded up $0.10 during midday trading on Friday, hitting $32.04. 73,000 shares of the company traded hands, compared to its average volume of 61,756. SP Funds S&P World has a twelve month low of $23.86 and a twelve month high of $35.46. The stock has a market capitalization of $194.48 million, a price-to-earnings ratio of 21.74 and a beta of 0.89. The business has a 50 day simple moving average of $33.25 and a 200-day simple moving average of $31.22.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC bought a new position in SP Funds S&P World (ex-US) ETF in the 4th quarter worth $52,000. CWM LLC boosted its holdings in SP Funds S&P World (ex-US) ETF by 31.4% during the fourth quarter. CWM LLC now owns 6,737 shares of the company’s stock valued at $184,000 after acquiring an additional 1,608 shares during the period. Strengthening Families & Communities LLC grew its position in shares of SP Funds S&P World (ex-US) ETF by 243.6% in the fourth quarter. Strengthening Families & Communities LLC now owns 6,955 shares of the company’s stock valued at $190,000 after purchasing an additional 4,931 shares during the last quarter. Mariner LLC acquired a new stake in shares of SP Funds S&P World (ex-US) ETF in the fourth quarter valued at about $269,000. Finally, Citadel Advisors LLC bought a new position in shares of SP Funds S&P World (ex-US) ETF in the third quarter worth about $278,000.

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.