SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Sees Large Volume Increase – Here’s Why

Shares of SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) saw unusually-high trading volume on Tuesday . 556,868 shares were traded during trading, an increase of 1% from the previous session’s volume of 553,975 shares.The stock last traded at $58.32 and had previously closed at $58.08.

SP Funds S&P 500 Sharia Industry Exclusions ETF Stock Performance

The company has a market cap of $2.97 billion, a PE ratio of 30.44 and a beta of 1.09. The company has a fifty day moving average of $57.37 and a two-hundred day moving average of $54.38.

Institutional Investors Weigh In On SP Funds S&P 500 Sharia Industry Exclusions ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Operose Advisors LLC bought a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF in the second quarter worth approximately $33,000. Murphy & Mullick Capital Management Corp bought a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF during the 4th quarter valued at $102,000. Evansbrook LLC purchased a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the 1st quarter worth $243,000. Finally, Marshall Wace LLP purchased a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the 2nd quarter worth $1,674,000.

SP Funds S&P 500 Sharia Industry Exclusions ETF Company Profile

The SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) is an exchange-traded fund that is based on the S&P 500 Shariah Industry Exclusions index. The fund tracks a market-cap weighted index of S&P 500 stocks that are Sharia-compliant. SPUS was launched on Dec 18, 2019 and is managed by SP Funds.