SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Stock Short Interest Rises 82.6%

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 239,246 shares, a growth of 82.6% from the August 31st total of 130,990 shares. Based on an average daily volume of 65,114 shares, the short-interest ratio is currently 3.7 days. Currently, 2.4% of the shares of the company are sold short.

SP Funds S&P Global REIT Sharia ETF Trading Down 0.4%

Shares of SPRE traded down $0.08 during mid-day trading on Wednesday, reaching $18.95. The company’s stock had a trading volume of 134,054 shares, compared to its average volume of 74,003. SP Funds S&P Global REIT Sharia ETF has a 1-year low of $18.92 and a 1-year high of $21.91. The business has a 50-day simple moving average of $20.81 and a two-hundred day simple moving average of $20.86. The stock has a market cap of $192.34 million, a P/E ratio of 36.50 and a beta of 1.00.

SP Funds S&P Global REIT Sharia ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, September 28th were issued a $0.0670 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, September 28th.

SP Funds S&P Global REIT Sharia ETF Company Profile

(Get Free Report)

The SP Funds S&P Global REIT Sharia ETF (SPRE) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a market-cap-weighted index of Shariah-compliant global REITs. SPRE was launched on Dec 30, 2020 and is managed by SP Funds.

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