Short Interest in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Expands By 298.4%

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 195,185 shares, a growth of 298.4% from the June 15th total of 48,991 shares. Based on an average daily trading volume, of 58,628 shares, the short-interest ratio is currently 3.3 days. Currently, 1.9% of the shares of the stock are short sold.

Institutional Investors Weigh In On SP Funds S&P Global REIT Sharia ETF

A hedge fund recently bought a new stake in SP Funds S&P Global REIT Sharia ETF stock. Flow Traders U.S. LLC bought a new position in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 61,580 shares of the company’s stock, valued at approximately $1,200,000. Flow Traders U.S. LLC owned 0.70% of SP Funds S&P Global REIT Sharia ETF as of its most recent filing with the SEC.

SP Funds S&P Global REIT Sharia ETF Price Performance

Shares of NYSEARCA SPRE traded up $0.04 during mid-day trading on Friday, hitting $21.25. 24,737 shares of the company’s stock traded hands, compared to its average volume of 75,527. The company has a market capitalization of $219.30 million, a P/E ratio of 36.50 and a beta of 1.01. SP Funds S&P Global REIT Sharia ETF has a 1 year low of $18.78 and a 1 year high of $21.70. The company’s 50-day moving average is $21.20 and its two-hundred day moving average is $20.61.

SP Funds S&P Global REIT Sharia ETF Company Profile

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.