SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) Short Interest Down 91.3% in March

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 8,353 shares, a decrease of 91.3% from the February 26th total of 96,149 shares. Based on an average daily volume of 321,854 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 321,854 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On SP Funds Dow Jones Global Sukuk ETF

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in SP Funds Dow Jones Global Sukuk ETF by 11.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 38,268 shares of the company’s stock valued at $707,000 after purchasing an additional 4,080 shares during the period. Heartwood Wealth Advisors LLC grew its holdings in shares of SP Funds Dow Jones Global Sukuk ETF by 5.9% during the third quarter. Heartwood Wealth Advisors LLC now owns 16,242 shares of the company’s stock valued at $300,000 after buying an additional 903 shares in the last quarter. Finally, Strategic Blueprint LLC raised its position in SP Funds Dow Jones Global Sukuk ETF by 7.7% during the third quarter. Strategic Blueprint LLC now owns 11,663 shares of the company’s stock valued at $216,000 after buying an additional 837 shares during the period.

SP Funds Dow Jones Global Sukuk ETF Trading Up 0.5%

Shares of NYSEARCA:SPSK traded up $0.09 during midday trading on Wednesday, reaching $17.86. The company had a trading volume of 283,645 shares, compared to its average volume of 280,960. The company has a fifty day simple moving average of $18.19 and a two-hundred day simple moving average of $18.41. SP Funds Dow Jones Global Sukuk ETF has a 1-year low of $17.75 and a 1-year high of $18.71.

SP Funds Dow Jones Global Sukuk ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, February 23rd. Shareholders of record on Friday, February 20th were issued a $0.052 dividend. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, February 20th.

SP Funds Dow Jones Global Sukuk ETF Company Profile

The SP Funds Dow Jones Global Sukuk ETF (SPSK) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated global investment-grade sukuk of various maturities and weighted by market value. SPSK was launched on Dec 30, 2019 and is managed by SP Funds.