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

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 19,766 shares, a decrease of 48.3% from the July 15th total of 38,214 shares. Based on an average trading volume of 59,155 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the shares of the company are short sold.

SP Funds S&P World (ex-US) ETF Price Performance

Shares of SPWO traded down $0.92 during midday trading on Tuesday, reaching $33.16. 53,842 shares of the stock were exchanged, compared to its average volume of 61,224. The business’s 50-day moving average price is $33.13 and its 200 day moving average price is $31.56. SP Funds S&P World has a twelve month low of $24.35 and a twelve month high of $35.46. The company has a market capitalization of $203.93 million, a price-to-earnings ratio of 21.74 and a beta of 0.93.

Institutional Investors Weigh In On SP Funds S&P World (ex-US) ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. increased its holdings in shares of SP Funds S&P World (ex-US) ETF by 65.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 81,293 shares of the company’s stock valued at $2,215,000 after acquiring an additional 32,030 shares during the period. Citadel Advisors LLC purchased a new position in SP Funds S&P World (ex-US) ETF during the 3rd quarter worth $278,000. Susquehanna International Group LLP acquired a new position in SP Funds S&P World (ex-US) ETF in the third quarter valued at $761,000. CWM LLC boosted its stake in shares of 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 worth $184,000 after buying an additional 1,608 shares during the period. Finally, Farther Finance Advisors LLC acquired a new stake in shares of SP Funds S&P World (ex-US) ETF during the fourth quarter worth about $52,000.

SP Funds S&P World (ex-US) ETF Company Profile

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.