SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Short Interest Update

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 155,797 shares, an increase of 121.2% from the April 30th total of 70,436 shares. Based on an average trading volume of 69,638 shares, the short-interest ratio is currently 2.2 days. Approximately 1.5% of the company’s stock are sold short.

SP Funds S&P Global REIT Sharia ETF Price Performance

NYSEARCA SPRE traded down $0.48 during trading hours on Tuesday, reaching $20.63. 178,089 shares of the company’s stock traded hands, compared to its average volume of 76,754. SP Funds S&P Global REIT Sharia ETF has a 52-week low of $18.78 and a 52-week high of $21.50. The firm has a market cap of $211.04 million, a PE ratio of 36.50 and a beta of 1.04. The firm has a 50-day simple moving average of $20.69 and a 200 day simple moving average of $20.24.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SP Funds S&P Global REIT Sharia ETF stock. Flow Traders U.S. LLC acquired a new stake in shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 61,580 shares of the company’s stock, valued at approximately $1,200,000. Flow Traders U.S. LLC owned about 0.70% of SP Funds S&P Global REIT Sharia ETF as of its most recent SEC filing.

About SP Funds S&P Global REIT Sharia ETF

The SP Funds S&P Global REIT Sharia ETF (SPRE) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a market-cap-weighted index of Shariah-compliant global REITs. SPRE was launched on Dec 30, 2020 and is managed by SP Funds.