SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Sees Significant Growth in Short Interest

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 195,185 shares, an increase of 298.4% from the June 15th total of 48,991 shares. Based on an average daily volume of 58,628 shares, the short-interest ratio is presently 3.3 days. Currently, 1.9% of the company’s stock are sold short.

Institutional Investors Weigh In On SP Funds S&P Global REIT Sharia ETF

A hedge fund recently bought a new position in SP Funds S&P Global REIT Sharia ETF stock. Flow Traders U.S. LLC purchased a new position in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 61,580 shares of the company’s stock, valued at approximately $1,200,000. Flow Traders U.S. LLC owned approximately 0.70% of SP Funds S&P Global REIT Sharia ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

SP Funds S&P Global REIT Sharia ETF Stock Up 0.2%

Shares of SP Funds S&P Global REIT Sharia ETF stock traded up $0.05 during trading on Monday, reaching $21.30. The company’s stock had a trading volume of 47,221 shares, compared to its average volume of 75,311. The company has a market cap of $219.82 million, a price-to-earnings ratio of 36.50 and a beta of 1.01. SP Funds S&P Global REIT Sharia ETF has a 1-year low of $18.78 and a 1-year high of $21.70. The company has a 50-day simple moving average of $21.20 and a two-hundred day simple moving average of $20.62.

About SP Funds S&P Global REIT Sharia ETF

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.