SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK – Get Free Report) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 48,400 shares, a decline of 41.3% from the June 30th total of 82,491 shares. Based on an average daily volume of 233,396 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Strategic Blueprint LLC grew its position in shares of SP Funds Dow Jones Global Sukuk ETF by 5.2% during the 4th quarter. Strategic Blueprint LLC now owns 12,264 shares of the company’s stock valued at $224,000 after acquiring an additional 601 shares during the period. DGS Capital Management LLC increased its stake in shares of SP Funds Dow Jones Global Sukuk ETF by 3.0% in the 1st quarter. DGS Capital Management LLC now owns 27,505 shares of the company’s stock valued at $492,000 after purchasing an additional 789 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in SP Funds Dow Jones Global Sukuk ETF by 10.0% in the 4th quarter. Farther Finance Advisors LLC now owns 42,110 shares of the company’s stock worth $769,000 after purchasing an additional 3,842 shares during the period.
SP Funds Dow Jones Global Sukuk ETF Price Performance
Shares of NYSEARCA SPSK opened at $17.83 on Friday. The company’s fifty day moving average price is $17.97 and its 200 day moving average price is $18.06. SP Funds Dow Jones Global Sukuk ETF has a 1 year low of $17.76 and a 1 year high of $18.71.
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.
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