SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) Short Interest Update

SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 5,751 shares, a decline of 84.2% from the July 30th total of 36,285 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 68,433 shares, the short-interest ratio is currently 0.1 days.

SP Funds S&P Global Technology ETF Stock Up 2.4%

SP Funds S&P Global Technology ETF stock traded up $1.13 during trading hours on Thursday, reaching $47.91. 36,154 shares of the company’s stock were exchanged, compared to its average volume of 49,158. The firm’s 50 day simple moving average is $46.73 and its 200 day simple moving average is $42.67. SP Funds S&P Global Technology ETF has a twelve month low of $30.97 and a twelve month high of $50.75. The firm has a market capitalization of $226.14 million, a PE ratio of 34.36 and a beta of 1.59.

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

Several large investors have recently added to or reduced their stakes in SPTE. Jane Street Group LLC bought a new stake in SP Funds S&P Global Technology ETF in the first quarter worth approximately $568,000. Flow Traders U.S. LLC acquired a new stake in shares of SP Funds S&P Global Technology ETF during the 2nd quarter worth approximately $345,000. Bank of America Corp DE acquired a new stake in shares of SP Funds S&P Global Technology ETF during the 2nd quarter worth approximately $50,000. Citadel Advisors LLC increased its stake in shares of SP Funds S&P Global Technology ETF by 44.2% in the 3rd quarter. Citadel Advisors LLC now owns 10,010 shares of the company’s stock valued at $344,000 after acquiring an additional 3,068 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its stake in SP Funds S&P Global Technology ETF by 96.4% during the third quarter. Susquehanna International Group LLP now owns 48,628 shares of the company’s stock worth $1,672,000 after acquiring an additional 23,870 shares in the last quarter.

About SP Funds S&P Global Technology ETF

The SP Funds S&P Global Technology ETF (SPTE) is an exchange-traded fund that mostly invests in information technology equity. The fund is a passively managed fund, investing in global technology firms adhering to Shariah investment principles. Stocks selected for the portfolio are weighted based on market-cap SPTE was launched on Nov 30, 2023 and is issued by SP Funds.