Short Interest in SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) Drops By 35.0%

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 10,668 shares, a decrease of 35.0% from the November 30th total of 16,414 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 181,314 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 181,314 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

SP Funds Dow Jones Global Sukuk ETF Trading Down 0.4%

SPSK traded down $0.07 during trading on Monday, hitting $18.28. The company’s stock had a trading volume of 369,108 shares, compared to its average volume of 150,666. The firm’s 50 day moving average price is $18.57 and its two-hundred day moving average price is $18.44. SP Funds Dow Jones Global Sukuk ETF has a 12 month low of $17.51 and a 12 month high of $18.71.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its holdings in SP Funds Dow Jones Global Sukuk ETF by 11.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 38,268 shares of the company’s stock worth $707,000 after acquiring an additional 4,080 shares during the last quarter. Heartwood Wealth Advisors LLC lifted its position in shares of SP Funds Dow Jones Global Sukuk ETF by 5.9% during the third quarter. Heartwood Wealth Advisors LLC now owns 16,242 shares of the company’s stock worth $300,000 after purchasing an additional 903 shares in the last quarter. Finally, Strategic Blueprint LLC lifted its position in shares of SP Funds Dow Jones Global Sukuk ETF by 7.7% during the third quarter. Strategic Blueprint LLC now owns 11,663 shares of the company’s stock worth $216,000 after purchasing an additional 837 shares in the last quarter.

SP Funds Dow Jones Global Sukuk ETF Company Profile

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.