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

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 21,071 shares, a decline of 44.8% from the September 30th total of 38,197 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 65,707 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SP Funds S&P Global REIT Sharia ETF stock. Farther Finance Advisors LLC grew its stake in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) by 18.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,916 shares of the company’s stock after acquiring an additional 2,892 shares during the quarter. Farther Finance Advisors LLC owned about 0.18% of SP Funds S&P Global REIT Sharia ETF worth $358,000 at the end of the most recent quarter.

SP Funds S&P Global REIT Sharia ETF Stock Down 0.6%

NYSEARCA:SPRE traded down $0.12 during mid-day trading on Friday, reaching $18.58. The company’s stock had a trading volume of 49,944 shares, compared to its average volume of 72,387. SP Funds S&P Global REIT Sharia ETF has a 1 year low of $18.19 and a 1 year high of $21.91. The stock has a fifty day moving average of $19.50 and a 200-day moving average of $20.52. The firm has a market capitalization of $196.95 million, a PE ratio of 36.50 and a beta of 1.01.

SP Funds S&P Global REIT Sharia ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Tuesday, October 27th were given a dividend of $0.0670 per share. This represents a $0.80 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, October 27th.

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.