Short Interest in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Declines By 89.7%

SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 20,088 shares, a drop of 89.7% from the June 30th total of 195,185 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 53,291 shares, the days-to-cover ratio is currently 0.4 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 acquired a new stake in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) during the 3rd quarter, according to its most recent disclosure 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 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 Stock Up 1.1%

Shares of SPRE stock traded up $0.23 on Friday, reaching $21.80. 35,604 shares of the stock were exchanged, compared to its average volume of 72,898. The stock has a market cap of $224.98 million, a P/E ratio of 36.50 and a beta of 1.01. The firm has a 50 day moving average of $21.26 and a two-hundred day moving average of $20.73. SP Funds S&P Global REIT Sharia ETF has a 1-year low of $18.78 and a 1-year high of $21.91.

About SP Funds S&P Global REIT Sharia ETF

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.