SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Sees Large Growth in Short Interest

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 59,559 shares, an increase of 79.3% from the September 15th total of 33,213 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average trading volume of 76,037 shares, the days-to-cover ratio is currently 0.8 days.

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

SPWO stock traded down $0.57 during trading on Friday, hitting $31.59. 75,344 shares of the company traded hands, compared to its average volume of 64,621. The company has a 50-day moving average of $33.48 and a 200-day moving average of $32.73. SP Funds S&P World has a 1 year low of $25.51 and a 1 year high of $35.46. The firm has a market capitalization of $230.61 million, a PE ratio of 21.74 and a beta of 0.93.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SPWO. Timbuktu Capital Management LLC acquired a new position in SP Funds S&P World (ex-US) ETF in the 2nd quarter worth about $34,000. Range Advisory LLC lifted its position in shares of SP Funds S&P World (ex-US) ETF by 15.5% during the 2nd quarter. Range Advisory LLC now owns 9,147 shares of the company’s stock worth $316,000 after purchasing an additional 1,230 shares during the last quarter. Lido Advisors LLC boosted its holdings in shares of SP Funds S&P World (ex-US) ETF by 11.0% in the 1st quarter. Lido Advisors LLC now owns 12,762 shares of the company’s stock valued at $360,000 after buying an additional 1,267 shares in the last quarter. Strengthening Families & Communities LLC lifted its stake in SP Funds S&P World (ex-US) ETF by 4.1% in the second quarter. Strengthening Families & Communities LLC now owns 13,253 shares of the company’s stock valued at $458,000 after buying an additional 518 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of SP Funds S&P World (ex-US) ETF during the first quarter worth $486,000.

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.