SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Short Interest Up 174.4% in February

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 62,852 shares, an increase of 174.4% from the January 29th total of 22,903 shares. Based on an average daily trading volume, of 70,222 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.7% of the shares of the stock are sold short. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 70,222 shares, the days-to-cover ratio is currently 0.9 days.

SP Funds S&P World (ex-US) ETF Stock Performance

Shares of NYSEARCA:SPWO traded down $0.05 during midday trading on Friday, reaching $31.24. 40,222 shares of the company’s stock were exchanged, compared to its average volume of 62,629. SP Funds S&P World has a 12 month low of $19.15 and a 12 month high of $31.68. The company’s 50 day simple moving average is $29.27 and its two-hundred day simple moving average is $27.39. The firm has a market capitalization of $118.71 million, a PE ratio of 21.74 and a beta of 0.67.

SP Funds S&P World (ex-US) ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, February 23rd. Stockholders of record on Friday, February 20th were given a $0.0255 dividend. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, February 20th.

Hedge Funds Weigh In On SP Funds S&P World (ex-US) ETF

Hedge funds have recently added to or reduced their stakes in the stock. Pacific Center for Financial Services bought a new stake in shares of SP Funds S&P World (ex-US) ETF in the 2nd quarter valued at about $38,000. Farther Finance Advisors LLC acquired a new position in SP Funds S&P World (ex-US) ETF during the fourth quarter valued at approximately $52,000. CWM LLC grew its holdings in SP Funds S&P World (ex-US) ETF by 278.2% during the third quarter. CWM LLC now owns 5,129 shares of the company’s stock valued at $137,000 after purchasing an additional 3,773 shares during the period. Strengthening Families & Communities LLC increased its stake in SP Funds S&P World (ex-US) ETF by 243.6% in the fourth quarter. Strengthening Families & Communities LLC now owns 6,955 shares of the company’s stock valued at $190,000 after purchasing an additional 4,931 shares in the last quarter. Finally, Mariner LLC acquired a new stake in SP Funds S&P World (ex-US) ETF in the fourth quarter worth $269,000.

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.