SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Short Interest Update

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 60,430 shares, a drop of 37.1% from the February 26th total of 96,149 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 971,111 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of SP Funds S&P 500 Sharia Industry Exclusions ETF

Hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its holdings in SP Funds S&P 500 Sharia Industry Exclusions ETF by 14.1% in the 4th quarter. Farther Finance Advisors LLC now owns 115,189 shares of the company’s stock valued at $5,883,000 after acquiring an additional 14,261 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the 2nd quarter worth approximately $1,674,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the 4th quarter worth approximately $102,000. Finally, Jaffetilchin Investment Partners LLC grew its holdings in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 20.9% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 15,969 shares of the company’s stock worth $816,000 after purchasing an additional 2,765 shares in the last quarter.

SP Funds S&P 500 Sharia Industry Exclusions ETF Stock Down 2.1%

Shares of SPUS stock opened at $47.76 on Friday. SP Funds S&P 500 Sharia Industry Exclusions ETF has a 12 month low of $33.32 and a 12 month high of $52.43. The firm has a market cap of $1.85 billion, a PE ratio of 30.44 and a beta of 1.04. The stock has a 50 day moving average of $50.67 and a 200-day moving average of $50.49.

SP Funds S&P 500 Sharia Industry Exclusions ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, February 23rd. Investors of record on Friday, February 20th were given a dividend of $0.026 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 0.7%.

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.