Short Interest in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Decreases By 89.7%

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 20,088 shares, a decrease of 89.7% from the June 30th total of 195,185 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 53,291 shares, the days-to-cover ratio is presently 0.4 days.

SP Funds S&P Global REIT Sharia ETF Price Performance

SP Funds S&P Global REIT Sharia ETF stock traded up $0.23 during mid-day trading on Friday, reaching $21.80. 35,604 shares of the company were exchanged, compared to its average volume of 72,898. The firm has a market cap of $224.98 million, a PE ratio of 36.50 and a beta of 1.01. The company has a fifty day simple moving average of $21.24 and a 200-day simple moving average of $20.72. SP Funds S&P Global REIT Sharia ETF has a 12 month low of $18.78 and a 12 month high of $21.91.

Institutional Inflows and Outflows

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

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.