Short Interest in SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Declines By 87.9%

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totaling 6,733 shares, a decline of 87.9% from the December 31st total of 55,783 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 55,173 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 55,173 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

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

NYSEARCA SPWO traded down $0.15 during trading hours on Thursday, reaching $29.87. The company’s stock had a trading volume of 76,516 shares, compared to its average volume of 57,580. The firm has a market capitalization of $110.52 million, a price-to-earnings ratio of 21.74 and a beta of 0.67. The company’s 50-day moving average is $27.78 and its two-hundred day moving average is $26.54. SP Funds S&P World has a 1-year low of $19.15 and a 1-year high of $31.00.

SP Funds S&P World (ex-US) ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, January 26th. Investors of record on Friday, January 23rd were given a dividend of $0.0255 per share. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, January 23rd.

Institutional Trading of SP Funds S&P World (ex-US) ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. rebel Financial LLC acquired a new stake in SP Funds S&P World (ex-US) ETF in the 2nd quarter valued at approximately $4,392,000. RFG Advisory LLC boosted its position in shares of SP Funds S&P World (ex-US) ETF by 91.8% in the 3rd quarter. RFG Advisory LLC now owns 364,359 shares of the company’s stock valued at $9,710,000 after purchasing an additional 174,396 shares during the period. Shariaportfolio Inc. grew its position in SP Funds S&P World (ex-US) ETF by 5.8% during the 4th quarter. Shariaportfolio Inc. now owns 809,269 shares of the company’s stock worth $22,093,000 after purchasing an additional 44,677 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of SP Funds S&P World (ex-US) ETF by 65.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 81,293 shares of the company’s stock valued at $2,215,000 after purchasing an additional 32,030 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of SP Funds S&P World (ex-US) ETF in the third quarter valued at about $761,000.

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.