Short Interest in SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Expands By 85.2%

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 36,606 shares, an increase of 85.2% from the July 30th total of 19,766 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 53,376 shares, the days-to-cover ratio is currently 0.7 days.

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

A number of hedge funds have recently made changes to their positions in SPWO. Timbuktu Capital Management LLC acquired a new position in shares of SP Funds S&P World (ex-US) ETF during the 2nd quarter valued at $34,000. Farther Finance Advisors LLC purchased a new position in SP Funds S&P World (ex-US) ETF in the fourth quarter valued at about $52,000. CWM LLC raised its position in SP Funds S&P World (ex-US) ETF by 31.4% in the fourth quarter. CWM LLC now owns 6,737 shares of the company’s stock valued at $184,000 after purchasing an additional 1,608 shares during the period. Strengthening Families & Communities LLC lifted its stake in shares of SP Funds S&P World (ex-US) ETF by 243.6% during the fourth quarter. Strengthening Families & Communities LLC now owns 6,955 shares of the company’s stock worth $190,000 after purchasing an additional 4,931 shares in the last quarter. Finally, Mariner LLC acquired a new position in shares of SP Funds S&P World (ex-US) ETF during the fourth quarter worth about $269,000.

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

NYSEARCA SPWO traded down $0.30 during mid-day trading on Friday, hitting $33.46. The company’s stock had a trading volume of 92,903 shares, compared to its average volume of 62,162. The firm has a market capitalization of $205.78 million, a P/E ratio of 21.74 and a beta of 0.93. SP Funds S&P World has a 52-week low of $24.35 and a 52-week high of $35.46. The stock’s fifty day simple moving average is $33.06 and its two-hundred day simple moving average is $31.80.

SP Funds S&P World (ex-US) ETF Company Profile

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.