SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Short Interest Up 179.4% in July

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 56,134 shares, an increase of 179.4% from the July 15th total of 20,088 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 54,440 shares, the days-to-cover ratio is currently 1.0 days.

SP Funds S&P Global REIT Sharia ETF Stock Up 0.4%

NYSEARCA SPRE traded up $0.08 during trading hours on Friday, reaching $21.60. 74,464 shares of the company were exchanged, compared to its average volume of 72,714. SP Funds S&P Global REIT Sharia ETF has a 1 year low of $18.96 and a 1 year high of $21.91. The business’s 50 day simple moving average is $21.40 and its 200-day simple moving average is $20.90. The stock has a market capitalization of $222.91 million, a P/E ratio of 36.50 and a beta of 1.01.

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

A hedge fund recently bought a new stake in SP Funds S&P Global REIT Sharia ETF stock. Flow Traders U.S. LLC purchased a new position in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 61,580 shares of the company’s stock, valued at approximately $1,200,000. Flow Traders U.S. LLC owned 0.70% of SP Funds S&P Global REIT Sharia ETF at the end of the most recent quarter.

About SP Funds S&P Global REIT Sharia ETF

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.