Short Interest in SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Decreases By 37.1%

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) saw a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 60,430 shares, a decrease of 37.1% from the February 26th total of 96,149 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 971,111 shares, the short-interest ratio is currently 0.1 days.

SP Funds S&P 500 Sharia Industry Exclusions ETF Stock Performance

NYSEARCA:SPUS opened at $47.76 on Friday. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 30.44 and a beta of 1.04. The stock’s fifty day moving average price is $50.67 and its two-hundred day moving average price is $50.49. SP Funds S&P 500 Sharia Industry Exclusions ETF has a 52-week low of $33.32 and a 52-week high of $52.43.

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

The firm also recently declared a monthly dividend, which was paid on Monday, February 23rd. Stockholders of record on Friday, February 20th were given a dividend of $0.026 per share. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 0.7%.

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

Several large investors have recently bought and sold shares of SPUS. Marshall Wace LLP bought a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF in the second quarter valued at approximately $1,674,000. Farther Finance Advisors LLC grew its holdings in SP Funds S&P 500 Sharia Industry Exclusions ETF by 4.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 100,928 shares of the company’s stock worth $4,987,000 after acquiring an additional 3,916 shares during the period. Jaffetilchin Investment Partners LLC raised its position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 20.9% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 15,969 shares of the company’s stock valued at $816,000 after acquiring an additional 2,765 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the 4th quarter valued at $102,000.

About SP Funds S&P 500 Sharia Industry Exclusions ETF

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.