SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Stock Short Interest Drops 58.7%

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 106,183 shares, a drop of 58.7% from the September 15th total of 257,142 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 403,654 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On SP Funds S&P 500 Sharia Industry Exclusions ETF

Hedge funds have recently modified their holdings of the business. Evansbrook LLC acquired a new stake in SP Funds S&P 500 Sharia Industry Exclusions ETF in the first quarter valued at $243,000. Atomic Invest LLC lifted its holdings in SP Funds S&P 500 Sharia Industry Exclusions ETF by 9.5% during the 2nd quarter. Atomic Invest LLC now owns 16,630 shares of the company’s stock worth $943,000 after buying an additional 1,436 shares during the period. Finally, Operose Advisors LLC acquired a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF during the 2nd quarter worth about $33,000.

SP Funds S&P 500 Sharia Industry Exclusions ETF Trading Down 0.1%

NYSEARCA:SPUS traded down $0.04 during mid-day trading on Tuesday, hitting $60.53. 307,195 shares of the company’s stock were exchanged, compared to its average volume of 525,734. The company has a 50 day simple moving average of $59.16 and a 200-day simple moving average of $56.55. SP Funds S&P 500 Sharia Industry Exclusions ETF has a fifty-two week low of $46.43 and a fifty-two week high of $61.42. The firm has a market capitalization of $3.36 billion, a P/E ratio of 30.44 and a beta of 1.09.

SP Funds S&P 500 Sharia Industry Exclusions ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 28th were paid a dividend of $0.0260 per share. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.31 annualized dividend and a dividend yield of 0.5%.

SP Funds S&P 500 Sharia Industry Exclusions ETF Company Profile

The SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) is an exchange-traded fund that is based on the S&P 500 Shariah Industry Exclusions index. The fund tracks a market-cap weighted index of S&P 500 stocks that are Sharia-compliant. SPUS was launched on Dec 18, 2019 and is managed by SP Funds.