SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) Short Interest Down 92.4% in January

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totaling 25,792 shares, a decline of 92.4% from the December 31st total of 339,374 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 292,699 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 292,699 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

SP Funds Dow Jones Global Sukuk ETF Price Performance

NYSEARCA:SPSK remained flat at $18.20 during mid-day trading on Wednesday. 208,263 shares of the company’s stock were exchanged, compared to its average volume of 252,764. The firm’s 50 day moving average is $18.42 and its two-hundred day moving average is $18.45. SP Funds Dow Jones Global Sukuk ETF has a 12-month low of $17.66 and a 12-month high of $18.71.

SP Funds Dow Jones Global Sukuk ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, January 26th. Shareholders of record on Friday, January 23rd were issued a dividend of $0.052 per share. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, January 23rd.

Hedge Funds Weigh In On SP Funds Dow Jones Global Sukuk ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its position in shares of SP Funds Dow Jones Global Sukuk ETF by 11.9% during the third quarter. Farther Finance Advisors LLC now owns 38,268 shares of the company’s stock worth $707,000 after purchasing an additional 4,080 shares in the last quarter. Heartwood Wealth Advisors LLC raised its holdings in SP Funds Dow Jones Global Sukuk ETF by 5.9% during the third quarter. Heartwood Wealth Advisors LLC now owns 16,242 shares of the company’s stock worth $300,000 after acquiring an additional 903 shares in the last quarter. Finally, Strategic Blueprint LLC raised its holdings in shares of SP Funds Dow Jones Global Sukuk ETF by 7.7% in the 3rd quarter. Strategic Blueprint LLC now owns 11,663 shares of the company’s stock valued at $216,000 after purchasing an additional 837 shares during the period.

SP Funds Dow Jones Global Sukuk ETF Company Profile

The SP Funds Dow Jones Global Sukuk ETF (SPSK) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated global investment-grade sukuk of various maturities and weighted by market value. SPSK was launched on Dec 30, 2019 and is managed by SP Funds.