SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Stock Short Interest Report for September

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 59,559 shares, an increase of 79.3% from the September 15th total of 33,213 shares. Based on an average trading volume of 76,037 shares, the short-interest ratio is currently 0.8 days. Approximately 0.8% of the company’s stock are sold short.

SP Funds S&P World (ex-US) ETF Stock Performance

Shares of SP Funds S&P World (ex-US) ETF stock traded down $0.58 during midday trading on Friday, hitting $31.58. The company had a trading volume of 85,868 shares, compared to its average volume of 64,688. The company has a 50 day moving average of $33.45 and a 200 day moving average of $32.72. SP Funds S&P World has a 52-week low of $25.51 and a 52-week high of $35.46. The stock has a market capitalization of $235.27 million, a P/E ratio of 21.74 and a beta of 0.93.

Hedge Funds Weigh In On SP Funds S&P World (ex-US) ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPWO. Timbuktu Capital Management LLC bought a new position in shares of SP Funds S&P World (ex-US) ETF during the second quarter valued at $34,000. Range Advisory LLC grew its holdings in SP Funds S&P World (ex-US) ETF by 15.5% during 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 during the period. Lido Advisors LLC lifted its holdings in SP Funds S&P World (ex-US) ETF by 11.0% during 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 in the last quarter. Strengthening Families & Communities LLC boosted its position in shares of SP Funds S&P World (ex-US) ETF by 4.1% in the second quarter. Strengthening Families & Communities LLC now owns 13,253 shares of the company’s stock worth $458,000 after purchasing an additional 518 shares during the period. Finally, Cetera Investment Advisers purchased a new stake in shares of SP Funds S&P World (ex-US) ETF in the first quarter worth $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.