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

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 70,436 shares, a decline of 53.6% from the April 15th total of 151,655 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 64,051 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of SP Funds S&P Global REIT Sharia ETF

An institutional investor recently bought a new position in SP Funds S&P Global REIT Sharia ETF stock. Flow Traders U.S. LLC acquired a new position in shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 61,580 shares of the company’s stock, valued at approximately $1,200,000. Flow Traders U.S. LLC owned about 0.70% of SP Funds S&P Global REIT Sharia ETF at the end of the most recent quarter.

SP Funds S&P Global REIT Sharia ETF Stock Performance

NYSEARCA:SPRE traded down $0.33 on Friday, hitting $20.98. 40,697 shares of the stock were exchanged, compared to its average volume of 71,263. The stock has a market capitalization of $214.63 million, a price-to-earnings ratio of 36.50 and a beta of 1.04. SP Funds S&P Global REIT Sharia ETF has a 52 week low of $18.78 and a 52 week high of $21.50. The company’s 50-day moving average price is $20.50 and its 200 day moving average price is $20.11.

SP Funds S&P Global REIT Sharia ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 23rd. Shareholders of record on Friday, February 20th were issued a dividend of $0.067 per share. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, February 20th.

SP Funds S&P Global REIT Sharia ETF Company Profile

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.