SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Short Interest Up 179.4% in July

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 56,134 shares, an increase of 179.4% from the July 15th total of 20,088 shares. Based on an average daily trading volume, of 54,440 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.5% of the shares of the company are short sold.

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

An institutional investor recently bought a new stake 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 third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 61,580 shares of the company’s stock, valued at approximately $1,200,000. Flow Traders U.S. LLC owned 0.70% of SP Funds S&P Global REIT Sharia ETF at the end of the most recent quarter.

SP Funds S&P Global REIT Sharia ETF Stock Performance

Shares of SP Funds S&P Global REIT Sharia ETF stock opened at $21.60 on Friday. The firm has a 50-day simple moving average of $21.40 and a two-hundred day simple moving average of $20.90. The company has a market cap of $222.91 million, a P/E ratio of 36.50 and a beta of 1.01. SP Funds S&P Global REIT Sharia ETF has a fifty-two week low of $18.96 and a fifty-two week high of $21.91.

SP Funds S&P Global REIT Sharia ETF Company Profile

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.