SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Short Interest Up 85.2% in August

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWOGet Free Report) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 36,606 shares, a growth of 85.2% from the July 30th total of 19,766 shares. Based on an average daily volume of 53,376 shares, the short-interest ratio is currently 0.7 days. Currently, 0.6% of the company’s shares are sold short.

SP Funds S&P World (ex-US) ETF Price Performance

Shares of NYSEARCA SPWO traded down $0.16 during midday trading on Monday, reaching $33.30. 82,035 shares of the stock were exchanged, compared to its average volume of 62,285. The business has a 50-day simple moving average of $33.02 and a two-hundred day simple moving average of $31.83. The company has a market capitalization of $204.79 million, a price-to-earnings ratio of 21.74 and a beta of 0.93. SP Funds S&P World has a 12 month low of $24.35 and a 12 month high of $35.46.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Timbuktu Capital Management LLC bought a new stake in shares of SP Funds S&P World (ex-US) ETF in the second quarter worth about $34,000. Farther Finance Advisors LLC bought a new position in shares of SP Funds S&P World (ex-US) ETF during the 4th quarter valued at about $52,000. CWM LLC lifted its holdings in shares of SP Funds S&P World (ex-US) ETF by 31.4% during the 4th quarter. CWM LLC now owns 6,737 shares of the company’s stock valued at $184,000 after purchasing an additional 1,608 shares in the last quarter. Strengthening Families & Communities LLC grew its position in shares of SP Funds S&P World (ex-US) ETF by 243.6% in the 4th quarter. Strengthening Families & Communities LLC now owns 6,955 shares of the company’s stock valued at $190,000 after purchasing an additional 4,931 shares during the period. Finally, Mariner LLC acquired a new position in shares of SP Funds S&P World (ex-US) ETF in the 4th quarter valued at approximately $269,000.

SP Funds S&P World (ex-US) ETF Company Profile

(Get Free Report)

The SP Funds S&P World (ex-US) ETF (SPWO) is an exchange-traded fund that is based on the S&P DM Ex-U.S. & EM 50/50 Shariah index. The fund tracks an index of 500 Sharia-compliant companies from developed and emerging markets outside the US. Holdings are modified market cap-weighted SPWO was launched on Dec 19, 2023 and is issued by SP Funds.

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