SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Short Interest Update

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPREGet Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 155,797 shares, an increase of 121.2% from the April 30th total of 70,436 shares. Currently, 1.5% of the company’s shares are sold short. Based on an average daily volume of 69,638 shares, the days-to-cover ratio is presently 2.2 days.

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

A hedge fund recently bought a new stake in SP Funds S&P Global REIT Sharia ETF stock. Flow Traders U.S. LLC bought a new stake in shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPREFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 61,580 shares of the company’s stock, valued at approximately $1,200,000. Flow Traders U.S. LLC owned approximately 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 Price Performance

SP Funds S&P Global REIT Sharia ETF stock traded down $0.48 during trading hours on Monday, reaching $20.63. The stock had a trading volume of 178,089 shares, compared to its average volume of 76,754. The stock has a market cap of $211.04 million, a PE 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 has a fifty day simple moving average of $20.69 and a 200-day simple moving average of $20.24.

About SP Funds S&P Global REIT Sharia ETF

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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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