SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Short Interest Down 78.3% in June

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 48,991 shares, a drop of 78.3% from the May 31st total of 225,655 shares. Based on an average trading volume of 100,321 shares, the short-interest ratio is currently 0.5 days. Approximately 0.5% of the company’s stock are sold short.

SP Funds S&P Global REIT Sharia ETF Price Performance

NYSEARCA:SPRE traded up $0.17 during mid-day trading on Friday, hitting $21.52. 26,106 shares of the company’s stock were exchanged, compared to its average volume of 76,479. SP Funds S&P Global REIT Sharia ETF has a one year low of $18.78 and a one year high of $21.70. The business has a fifty day moving average price of $21.17 and a 200 day moving average price of $20.47. The company has a market cap of $220.15 million, a PE ratio of 36.50 and a beta of 1.02.

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 purchased a new position in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 as of its most recent SEC filing.

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.