SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) Stock Short Interest Report for October

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 80,208 shares, a drop of 54.4% from the September 30th total of 175,749 shares. Based on an average daily volume of 246,864 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Trading of SP Funds Dow Jones Global Sukuk ETF

A hedge fund recently raised its stake in SP Funds Dow Jones Global Sukuk ETF stock. Heartwood Wealth Advisors LLC lifted its stake in shares of SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,713 shares of the company’s stock after purchasing an additional 925 shares during the period. Heartwood Wealth Advisors LLC owned about 0.08% of SP Funds Dow Jones Global Sukuk ETF worth $377,000 as of its most recent filing with the SEC.

SP Funds Dow Jones Global Sukuk ETF Stock Performance

Shares of NYSEARCA SPSK traded up $0.02 during trading on Friday, reaching $17.54. The company had a trading volume of 157,913 shares, compared to its average volume of 327,622. SP Funds Dow Jones Global Sukuk ETF has a twelve month low of $17.30 and a twelve month high of $18.65. The stock has a 50-day moving average price of $17.61 and a two-hundred day moving average price of $17.94.

SP Funds Dow Jones Global Sukuk ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Tuesday, October 27th were paid a dividend of $0.0520 per share. The ex-dividend date of this dividend was Tuesday, October 27th. This represents a $0.62 annualized dividend and a dividend yield of 3.6%.

About SP Funds Dow Jones Global Sukuk ETF

The SP Funds Dow Jones Global Sukuk ETF (SPSK) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated global investment-grade sukuk of various maturities and weighted by market value. SPSK was launched on Dec 30, 2019 and is managed by SP Funds.