SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE – Get Free Report) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 195,185 shares, an increase of 298.4% from the June 15th total of 48,991 shares. Based on an average trading volume of 58,628 shares, the days-to-cover ratio is presently 3.3 days. Currently, 1.9% of the shares of the stock are sold short.
SP Funds S&P Global REIT Sharia ETF Trading Up 0.0%
Shares of NYSEARCA:SPRE traded up $0.01 on Tuesday, hitting $21.31. The company had a trading volume of 43,265 shares, compared to its average volume of 75,041. The company has a market cap of $219.92 million, a PE ratio of 36.50 and a beta of 1.01. SP Funds S&P Global REIT Sharia ETF has a 52-week low of $18.78 and a 52-week high of $21.70. The business has a 50 day moving average of $21.20 and a 200 day moving average of $20.62.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in SP Funds S&P Global REIT Sharia ETF stock. Flow Traders U.S. LLC purchased a new position in shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE – Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 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 reporting period.
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.
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