Short Interest in SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Decreases By 27.9%

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) saw a significant decrease in short interest in December. As of December 31st, there was short interest totaling 55,783 shares, a decrease of 27.9% from the December 15th total of 77,383 shares. Based on an average daily volume of 33,914 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.5% of the shares of the company are sold short. Currently, 1.5% of the shares of the company are sold short. Based on an average daily volume of 33,914 shares, the days-to-cover ratio is presently 1.6 days.

SP Funds S&P World (ex-US) ETF Price Performance

Shares of SPWO traded down $0.02 during trading hours on Friday, reaching $29.11. 37,320 shares of the company’s stock traded hands, compared to its average volume of 53,500. SP Funds S&P World has a twelve month low of $19.15 and a twelve month high of $29.31. The business’s fifty day simple moving average is $27.29 and its two-hundred day simple moving average is $26.24. The firm has a market capitalization of $104.80 million, a price-to-earnings ratio of 21.74 and a beta of 0.67.

SP Funds S&P World (ex-US) ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid a dividend of $0.0724 per share. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, December 26th. This is a positive change from SP Funds S&P World (ex-US) ETF’s previous monthly dividend of $0.03.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SPWO. Pacific Center for Financial Services acquired a new position in shares of SP Funds S&P World (ex-US) ETF during the 2nd quarter valued at $38,000. CWM LLC boosted its stake in SP Funds S&P World (ex-US) ETF by 278.2% during the third quarter. CWM LLC now owns 5,129 shares of the company’s stock valued at $137,000 after buying an additional 3,773 shares in the last quarter. Citadel Advisors LLC bought a new position in SP Funds S&P World (ex-US) ETF during the third quarter valued at about $278,000. Lido Advisors LLC acquired a new position in SP Funds S&P World (ex-US) ETF during the third quarter worth about $306,000. Finally, Creative Planning acquired a new stake in SP Funds S&P World (ex-US) ETF in the 2nd quarter valued at about $372,000.

About SP Funds S&P World (ex-US) ETF

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.