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

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 18,593 shares, a drop of 85.5% from the August 31st total of 128,651 shares. Based on an average daily trading volume, of 225,651 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

SP Funds Dow Jones Global Sukuk ETF Stock Up 0.5%

Shares of SPSK stock traded up $0.09 during midday trading on Friday, reaching $17.60. 154,390 shares of the stock were exchanged, compared to its average volume of 344,621. SP Funds Dow Jones Global Sukuk ETF has a 1 year low of $17.47 and a 1 year high of $18.71. The company’s 50 day moving average is $17.83 and its two-hundred day moving average is $17.94.

SP Funds Dow Jones Global Sukuk ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 28th. Shareholders of record on Monday, July 27th were issued a $0.0520 dividend. The ex-dividend date was Monday, July 27th. This represents a $0.62 dividend on an annualized basis and a yield of 3.5%.

Institutional Trading of SP Funds Dow Jones Global Sukuk ETF

A hedge fund recently raised its stake in SP Funds Dow Jones Global Sukuk ETF stock. DGS Capital Management LLC boosted its holdings in shares of SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK – Free Report) by 3.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,505 shares of the company’s stock after acquiring an additional 789 shares during the period. DGS Capital Management LLC owned 0.11% of SP Funds Dow Jones Global Sukuk ETF worth $492,000 at the end of the most recent reporting 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.

See Also

Receive News & Ratings for SP Funds Dow Jones Global Sukuk ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SP Funds Dow Jones Global Sukuk ETF and related companies with MarketBeat.com's FREE daily email newsletter.