SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Short Interest Update

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 156,784 shares, an increase of 369.7% from the May 31st total of 33,377 shares. Based on an average daily volume of 80,640 shares, the days-to-cover ratio is currently 1.9 days. Approximately 3.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SPWO. Shariaportfolio Inc. increased its stake in shares of SP Funds S&P World (ex-US) ETF by 5.8% during the fourth quarter. Shariaportfolio Inc. now owns 809,269 shares of the company’s stock valued at $22,093,000 after acquiring an additional 44,677 shares during the period. TD Waterhouse Canada Inc. boosted its stake in SP Funds S&P World (ex-US) ETF by 65.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 81,293 shares of the company’s stock valued at $2,215,000 after purchasing an additional 32,030 shares in the last quarter. Tidal Investments LLC increased its position in shares of SP Funds S&P World (ex-US) ETF by 106.2% during the 2nd quarter. Tidal Investments LLC now owns 48,508 shares of the company’s stock valued at $1,184,000 after purchasing an additional 24,978 shares during the period. Jane Street Group LLC increased its position in shares of SP Funds S&P World (ex-US) ETF by 105.9% during the 1st quarter. Jane Street Group LLC now owns 34,845 shares of the company’s stock valued at $765,000 after purchasing an additional 17,925 shares during the period. Finally, Susquehanna International Group LLP bought a new stake in shares of SP Funds S&P World (ex-US) ETF in the 3rd quarter worth $761,000.

SP Funds S&P World (ex-US) ETF Trading Down 1.3%

SPWO stock traded down $0.43 during trading on Friday, hitting $33.30. The company had a trading volume of 33,396 shares, compared to its average volume of 62,523. The business has a 50 day moving average of $32.95 and a 200 day moving average of $30.31. The firm has a market capitalization of $165.50 million, a price-to-earnings ratio of 21.74 and a beta of 0.91. SP Funds S&P World has a fifty-two week low of $23.86 and a fifty-two week high of $35.46.

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

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.