SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) Sees Significant Decrease in Short Interest

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSKGet Free Report) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 53,913 shares, a drop of 89.6% from the May 31st total of 519,017 shares. Based on an average trading volume of 603,649 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the shares of the stock are short sold.

SP Funds Dow Jones Global Sukuk ETF Stock Performance

Shares of SP Funds Dow Jones Global Sukuk ETF stock remained flat at $18.00 during trading on Friday. 70,035 shares of the stock were exchanged, compared to its average volume of 304,596. SP Funds Dow Jones Global Sukuk ETF has a 12 month low of $17.76 and a 12 month high of $18.71. The firm has a 50-day simple moving average of $18.03 and a 200-day simple moving average of $18.15.

Institutional Trading of SP Funds Dow Jones Global Sukuk ETF

A number of institutional investors have recently made changes to their positions in SPSK. Strategic Blueprint LLC raised its holdings in SP Funds Dow Jones Global Sukuk ETF by 5.2% during the 4th quarter. Strategic Blueprint LLC now owns 12,264 shares of the company’s stock valued at $224,000 after buying an additional 601 shares during the last quarter. DGS Capital Management LLC raised its stake in shares of SP Funds Dow Jones Global Sukuk ETF by 3.0% during the first quarter. DGS Capital Management LLC now owns 27,505 shares of the company’s stock valued at $492,000 after acquiring an additional 789 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of SP Funds Dow Jones Global Sukuk ETF by 10.0% during the fourth quarter. Farther Finance Advisors LLC now owns 42,110 shares of the company’s stock worth $769,000 after purchasing an additional 3,842 shares during the period.

About SP Funds Dow Jones Global Sukuk ETF

(Get Free Report)

The SP Funds Dow Jones Global Sukuk ETF (SPSK) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated global investment-grade sukuk of various maturities and weighted by market value. SPSK was launched on Dec 30, 2019 and is managed by SP Funds.

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