SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE – Get Free Report) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 38,197 shares, a drop of 84.0% from the September 15th total of 239,246 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 74,342 shares, the short-interest ratio is presently 0.5 days.
SP Funds S&P Global REIT Sharia ETF Trading Up 0.8%
Shares of SPRE stock traded up $0.15 on Friday, hitting $18.66. The stock had a trading volume of 62,194 shares, compared to its average volume of 73,903. The firm has a market cap of $195.56 million, a P/E ratio of 36.50 and a beta of 1.01. SP Funds S&P Global REIT Sharia ETF has a twelve month low of $18.29 and a twelve month high of $21.91. The company has a fifty day moving average price of $20.34 and a two-hundred day moving average price of $20.78.
SP Funds S&P Global REIT Sharia ETF Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 28th were given a dividend of $0.0670 per share. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.3%.
Hedge Funds Weigh In On SP Funds S&P Global REIT Sharia ETF
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.
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