Short Interest in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Drops By 89.7%

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 20,088 shares, a decrease of 89.7% from the June 30th total of 195,185 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 53,291 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of SP Funds S&P Global REIT Sharia ETF

An institutional investor recently bought a new stake in SP Funds S&P Global REIT Sharia ETF stock. Flow Traders U.S. LLC purchased a new stake in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) in the third quarter, according to its most recent disclosure with the Securities & 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 about 0.70% of SP Funds S&P Global REIT Sharia ETF as of its most recent SEC filing.

SP Funds S&P Global REIT Sharia ETF Stock Up 1.1%

SPRE stock traded up $0.23 during midday trading on Friday, reaching $21.80. 35,604 shares of the company’s stock traded hands, compared to its average volume of 72,898. The company has a 50-day simple moving average of $21.26 and a two-hundred day simple moving average of $20.73. SP Funds S&P Global REIT Sharia ETF has a 1-year low of $18.78 and a 1-year high of $21.91. The company has a market cap of $224.98 million, a price-to-earnings ratio of 36.50 and a beta of 1.01.

SP Funds S&P Global REIT Sharia ETF Company Profile

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.