SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) Stock Short Interest Rises 135.9%

SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 48,890 shares, a growth of 135.9% from the August 31st total of 20,726 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 57,031 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On SP Funds S&P Global Technology ETF

Large investors have recently made changes to their positions in the business. RFG Advisory LLC increased its position in SP Funds S&P Global Technology ETF by 79.1% during the 2nd quarter. RFG Advisory LLC now owns 29,661 shares of the company’s stock valued at $1,447,000 after buying an additional 13,102 shares in the last quarter. Cetera Investment Advisers purchased a new position in SP Funds S&P Global Technology ETF during the first quarter valued at $768,000. Merkkuri Wealth Advisors LLC bought a new stake in SP Funds S&P Global Technology ETF in the first quarter worth $25,000. IFP Advisors Inc boosted its holdings in SP Funds S&P Global Technology ETF by 182.1% in the second quarter. IFP Advisors Inc now owns 1,845 shares of the company’s stock worth $90,000 after acquiring an additional 1,191 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in shares of SP Funds S&P Global Technology ETF by 7.7% in the second quarter. TD Waterhouse Canada Inc. now owns 58,724 shares of the company’s stock worth $2,778,000 after acquiring an additional 4,211 shares during the last quarter.

SP Funds S&P Global Technology ETF Price Performance

Shares of SP Funds S&P Global Technology ETF stock opened at $49.93 on Tuesday. SP Funds S&P Global Technology ETF has a 1 year low of $32.74 and a 1 year high of $50.75. The firm has a market cap of $259.64 million, a price-to-earnings ratio of 34.36 and a beta of 1.60. The company has a 50-day moving average of $47.26 and a 200 day moving average of $44.48.

SP Funds S&P Global Technology ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 28th will be paid a dividend of $0.0065 per share. The ex-dividend date of this dividend is Monday, September 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.2%.

SP Funds S&P Global Technology ETF Company Profile

The SP Funds S&P Global Technology ETF (SPTE) is an exchange-traded fund that mostly invests in information technology equity. The fund is a passively managed fund, investing in global technology firms adhering to Shariah investment principles. Stocks selected for the portfolio are weighted based on market-cap SPTE was launched on Nov 30, 2023 and is issued by SP Funds.