SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) Stock Short Interest Jumps 210.4%

SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 61,893 shares, a growth of 210.4% from the September 30th total of 19,938 shares. Based on an average trading volume of 60,257 shares, the short-interest ratio is currently 1.0 days. Approximately 1.1% of the shares of the company are sold short.

Hedge Funds Weigh In On SP Funds S&P Global Technology ETF

Several institutional investors and hedge funds have recently bought and sold shares of SPTE. IFP Advisors Inc increased its position in SP Funds S&P Global Technology ETF by 182.1% in the second quarter. IFP Advisors Inc now owns 1,845 shares of the company’s stock worth $90,000 after buying an additional 1,191 shares in the last quarter. World Equity Group Inc. bought a new position in shares of SP Funds S&P Global Technology ETF in the second quarter worth about $232,000. Strengthening Families & Communities LLC lifted its position in shares of SP Funds S&P Global Technology ETF by 8.9% during the 2nd quarter. Strengthening Families & Communities LLC now owns 7,423 shares of the company’s stock valued at $362,000 after buying an additional 609 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of SP Funds S&P Global Technology ETF by 15.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,785 shares of the company’s stock valued at $689,000 after buying an additional 1,855 shares in the last quarter. Finally, Cetera Investment Advisers bought a new position in shares of SP Funds S&P Global Technology ETF during the 1st quarter valued at approximately $768,000.

SP Funds S&P Global Technology ETF Price Performance

Shares of SP Funds S&P Global Technology ETF stock opened at $45.48 on Friday. The company’s fifty day simple moving average is $48.40 and its 200-day simple moving average is $43.52. The stock has a market capitalization of $246.96 million, a PE ratio of 34.36 and a beta of 1.57. SP Funds S&P Global Technology ETF has a 1-year low of $32.74 and a 1-year high of $52.38.

SP Funds S&P Global Technology ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Tuesday, October 27th were paid a $0.0065 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Tuesday, October 27th.

SP Funds S&P Global Technology ETF Company Profile

The SP Funds S&P Global Technology ETF (SPTE) is an exchange-traded fund that mostly invests in information technology equity. The fund is a passively managed fund, investing in global technology firms adhering to Shariah investment principles. Stocks selected for the portfolio are weighted based on market-cap SPTE was launched on Nov 30, 2023 and is issued by SP Funds.