SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK – Get Free Report) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 171,844 shares, an increase of 110.2% from the April 30th total of 81,754 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 252,520 shares, the days-to-cover ratio is currently 0.7 days.
SP Funds Dow Jones Global Sukuk ETF Stock Performance
Shares of SPSK opened at $18.04 on Wednesday. The stock’s 50-day moving average is $18.00 and its two-hundred day moving average is $18.22. SP Funds Dow Jones Global Sukuk ETF has a 12 month low of $17.76 and a 12 month high of $18.71.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Strategic Blueprint LLC lifted its stake in shares of SP Funds Dow Jones Global Sukuk ETF by 5.2% in the fourth quarter. Strategic Blueprint LLC now owns 12,264 shares of the company’s stock worth $224,000 after acquiring an additional 601 shares in the last quarter. DGS Capital Management LLC lifted its stake in shares of SP Funds Dow Jones Global Sukuk ETF by 3.0% in the first quarter. DGS Capital Management LLC now owns 27,505 shares of the company’s stock worth $492,000 after acquiring an additional 789 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of SP Funds Dow Jones Global Sukuk ETF by 10.0% in the fourth quarter. Farther Finance Advisors LLC now owns 42,110 shares of the company’s stock worth $769,000 after acquiring an additional 3,842 shares in the last quarter.
SP Funds Dow Jones Global Sukuk ETF Company Profile
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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