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

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 156,784 shares, an increase of 369.7% from the May 31st total of 33,377 shares. Approximately 3.2% of the company’s stock are short sold. Based on an average daily trading volume, of 80,640 shares, the short-interest ratio is presently 1.9 days.

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

Several large investors have recently added to or reduced their stakes in the stock. Shariaportfolio Inc. boosted its stake in SP Funds S&P World (ex-US) ETF by 5.8% during the 4th quarter. Shariaportfolio Inc. now owns 809,269 shares of the company’s stock valued at $22,093,000 after purchasing an additional 44,677 shares during the period. TD Waterhouse Canada Inc. increased its stake in shares of SP Funds S&P World (ex-US) ETF by 65.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 81,293 shares of the company’s stock valued at $2,215,000 after purchasing an additional 32,030 shares during the period. Creative Planning bought a new stake in shares of SP Funds S&P World (ex-US) ETF during the second quarter valued at approximately $372,000. Strengthening Families & Communities LLC boosted its position 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 buying an additional 4,931 shares during the period. Finally, Cetera Investment Advisers bought a new position in SP Funds S&P World (ex-US) ETF in the 1st quarter worth approximately $486,000.

SP Funds S&P World (ex-US) ETF Stock Down 1.3%

NYSEARCA:SPWO traded down $0.43 during trading hours on Friday, reaching $33.30. 33,396 shares of the stock were exchanged, compared to its average volume of 62,523. The stock has a market capitalization of $165.50 million, a P/E ratio of 21.74 and a beta of 0.91. The firm has a 50 day simple moving average of $32.95 and a 200-day simple moving average of $30.31. SP Funds S&P World has a 52 week low of $23.86 and a 52 week high of $35.46.

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.