SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO – Get Free Report) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 36,606 shares, an increase of 85.2% from the July 30th total of 19,766 shares. Based on an average daily trading volume, of 53,376 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.6% of the company’s stock are sold short.
SP Funds S&P World (ex-US) ETF Stock Performance
Shares of NYSEARCA:SPWO traded down $0.30 during mid-day trading on Friday, hitting $33.46. 92,903 shares of the company traded hands, compared to its average volume of 62,162. The firm’s 50 day simple moving average is $33.06 and its 200 day simple moving average is $31.80. The firm has a market cap of $205.78 million, a P/E ratio of 21.74 and a beta of 0.93. SP Funds S&P World has a 52-week low of $24.35 and a 52-week high of $35.46.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in SPWO. Advocacy Wealth Management LLC boosted its stake in shares of SP Funds S&P World (ex-US) ETF by 23.0% in the second quarter. Advocacy Wealth Management LLC now owns 94,504 shares of the company’s stock valued at $3,268,000 after purchasing an additional 17,698 shares during the period. TD Waterhouse Canada Inc. increased its stake in SP Funds S&P World (ex-US) ETF by 12.3% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 56,091 shares of the company’s stock worth $1,868,000 after buying an additional 6,147 shares during the period. Tidal Investments LLC lifted its holdings in SP Funds S&P World (ex-US) ETF by 106.2% in the 2nd quarter. Tidal Investments LLC now owns 48,508 shares of the company’s stock worth $1,184,000 after buying an additional 24,978 shares in the last quarter. Jane Street Group LLC lifted its holdings in SP Funds S&P World (ex-US) ETF by 105.9% in the 1st quarter. Jane Street Group LLC now owns 34,845 shares of the company’s stock worth $765,000 after buying an additional 17,925 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new position in SP Funds S&P World (ex-US) ETF in the 3rd quarter valued at about $761,000.
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.
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