SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) Stock Short Interest Report for October

SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) was the recipient of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 20,386 shares, a drop of 67.1% from the October 15th total of 61,893 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 44,197 shares, the short-interest ratio is presently 0.5 days.

SP Funds S&P Global Technology ETF Price Performance

SPTE stock traded down $0.94 during trading on Friday, hitting $43.33. 20,496 shares of the company traded hands, compared to its average volume of 50,908. The stock’s 50-day simple moving average is $47.79 and its 200 day simple moving average is $43.84. The company has a market cap of $238.31 million, a PE ratio of 29.87 and a beta of 1.62. 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 company also recently disclosed a monthly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Tuesday, October 27th were paid a dividend of $0.0065 per share. The ex-dividend date of this dividend was Tuesday, October 27th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.2%.

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

Institutional investors have recently made changes to their positions in the company. TD Waterhouse Canada Inc. grew its position in SP Funds S&P Global Technology ETF by 8.9% during the third quarter. TD Waterhouse Canada Inc. now owns 63,951 shares of the company’s stock valued at $3,222,000 after buying an additional 5,227 shares during the period. RFG Advisory LLC raised its position in shares of SP Funds S&P Global Technology ETF by 79.1% in the second quarter. RFG Advisory LLC now owns 29,661 shares of the company’s stock worth $1,447,000 after acquiring an additional 13,102 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of SP Funds S&P Global Technology ETF by 9.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 23,034 shares of the company’s stock worth $1,152,000 after acquiring an additional 2,033 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of SP Funds S&P Global Technology ETF during the 1st quarter worth about $768,000. Finally, Sumitomo Mitsui Trust Group Inc. grew 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 acquiring an additional 1,855 shares during the period.

About SP Funds S&P Global Technology ETF

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.