SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) Stock Short Interest Report for September

SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 19,938 shares, a drop of 59.2% from the September 15th total of 48,890 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 42,182 shares, the short-interest ratio is presently 0.5 days.

SP Funds S&P Global Technology ETF Stock Performance

NYSEARCA:SPTE traded down $0.77 during trading hours on Thursday, reaching $47.85. The company’s stock had a trading volume of 237,616 shares, compared to its average volume of 49,689. The firm has a 50-day simple moving average of $48.51 and a 200-day simple moving average of $45.75. The firm has a market capitalization of $256.00 million, a price-to-earnings ratio of 34.36 and a beta of 1.57. SP Funds S&P Global Technology ETF has a 1 year low of $32.74 and a 1 year high of $52.38.

SP Funds S&P Global Technology ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, September 28th were given a $0.0065 dividend. The ex-dividend date was Monday, September 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.2%.

Hedge Funds Weigh In On SP Funds S&P Global Technology ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPTE. Farther Finance Advisors LLC grew its stake in shares of SP Funds S&P Global Technology ETF by 9.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 23,034 shares of the company’s stock worth $1,152,000 after buying an additional 2,033 shares during the last quarter. RFG Advisory LLC increased its position in shares of SP Funds S&P Global Technology ETF by 79.1% during the 2nd quarter. RFG Advisory LLC now owns 29,661 shares of the company’s stock valued at $1,447,000 after purchasing an additional 13,102 shares during the last quarter. IFP Advisors Inc raised its holdings in SP Funds S&P Global Technology ETF by 182.1% in the 2nd quarter. IFP Advisors Inc now owns 1,845 shares of the company’s stock worth $90,000 after purchasing an additional 1,191 shares during the period. TD Waterhouse Canada Inc. raised its stake in SP Funds S&P Global Technology ETF by 7.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 58,724 shares of the company’s stock worth $2,778,000 after acquiring an additional 4,211 shares during the period. Finally, Strengthening Families & Communities LLC lifted its position in shares of SP Funds S&P Global Technology ETF by 8.9% in the second quarter. Strengthening Families & Communities LLC now owns 7,423 shares of the company’s stock valued at $362,000 after acquiring an additional 609 shares in the last quarter.

About SP Funds S&P Global Technology ETF

The SP Funds S&P Global Technology ETF (SPTE) is an exchange-traded fund that mostly invests in information technology equity. The fund is a passively managed fund, investing in global technology firms adhering to Shariah investment principles. Stocks selected for the portfolio are weighted based on market-cap SPTE was launched on Nov 30, 2023 and is issued by SP Funds.