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

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

A hedge fund recently raised its position in SP Funds S&P Global REIT Sharia ETF stock. Farther Finance Advisors LLC grew its position in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE – Free Report) by 18.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,916 shares of the company’s stock after purchasing an additional 2,892 shares during the period. Farther Finance Advisors LLC owned approximately 0.18% of SP Funds S&P Global REIT Sharia ETF worth $358,000 at the end of the most recent quarter.

About SP Funds S&P Global REIT Sharia ETF

(Get Free Report)

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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