SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Short Interest Update

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 33,213 shares, a decrease of 37.8% from the August 31st total of 53,387 shares. Based on an average daily trading volume, of 78,775 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.5% of the shares of the stock are short sold.

SP Funds S&P World (ex-US) ETF Trading Up 2.0%

Shares of SP Funds S&P World (ex-US) ETF stock opened at $34.26 on Friday. The company has a 50-day moving average of $33.23 and a two-hundred day moving average of $32.37. The stock has a market cap of $241.53 million, a PE ratio of 21.74 and a beta of 0.93. SP Funds S&P World has a 12-month low of $25.51 and a 12-month high of $35.46.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Timbuktu Capital Management LLC acquired a new stake in SP Funds S&P World (ex-US) ETF in the 2nd quarter valued at about $34,000. Range Advisory LLC lifted its holdings in shares of SP Funds S&P World (ex-US) ETF by 15.5% in the second quarter. Range Advisory LLC now owns 9,147 shares of the company’s stock valued at $316,000 after purchasing an additional 1,230 shares in the last quarter. Lido Advisors LLC grew its position in shares of SP Funds S&P World (ex-US) ETF by 11.0% in the first quarter. Lido Advisors LLC now owns 12,762 shares of the company’s stock valued at $360,000 after purchasing an additional 1,267 shares during the last quarter. Strengthening Families & Communities LLC increased its stake in shares of SP Funds S&P World (ex-US) ETF by 4.1% during the 2nd quarter. Strengthening Families & Communities LLC now owns 13,253 shares of the company’s stock worth $458,000 after purchasing an additional 518 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of SP Funds S&P World (ex-US) ETF during the 1st quarter worth approximately $486,000.

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.