Short Interest in SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) Drops By 28.1%

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) saw a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 17,029 shares, a decrease of 28.1% from the January 29th total of 23,697 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 224,818 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 224,818 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

SP Funds Dow Jones Global Sukuk ETF Stock Performance

SP Funds Dow Jones Global Sukuk ETF stock opened at $18.34 on Friday. SP Funds Dow Jones Global Sukuk ETF has a fifty-two week low of $17.75 and a fifty-two week high of $18.71. The firm’s 50-day simple moving average is $18.29 and its 200 day simple moving average is $18.45.

SP Funds Dow Jones Global Sukuk ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, February 23rd. Stockholders of record on Friday, February 20th were paid a $0.052 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, February 20th.

Institutional Trading of SP Funds Dow Jones Global Sukuk ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Strategic Blueprint LLC boosted its position in SP Funds Dow Jones Global Sukuk ETF by 5.2% in the fourth quarter. Strategic Blueprint LLC now owns 12,264 shares of the company’s stock worth $224,000 after purchasing an additional 601 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of SP Funds Dow Jones Global Sukuk ETF by 10.0% during the 4th quarter. Farther Finance Advisors LLC now owns 42,110 shares of the company’s stock valued at $769,000 after purchasing an additional 3,842 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC raised its stake in shares of SP Funds Dow Jones Global Sukuk ETF by 5.9% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 16,242 shares of the company’s stock worth $300,000 after purchasing an additional 903 shares during the period.

About SP Funds Dow Jones Global Sukuk ETF

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.