SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) Shares Shorted: Short Interest Up 135.9% in September

SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 48,890 shares, an increase of 135.9% from the August 31st total of 20,726 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average trading volume of 57,031 shares, the days-to-cover ratio is currently 0.9 days.

SP Funds S&P Global Technology ETF Trading Down 1.0%

SP Funds S&P Global Technology ETF stock traded down $0.50 during midday trading on Monday, hitting $49.70. The stock had a trading volume of 74,401 shares, compared to its average volume of 49,113. SP Funds S&P Global Technology ETF has a 52-week low of $32.74 and a 52-week high of $50.75. The company has a market capitalization of $258.44 million, a PE ratio of 34.36 and a beta of 1.60. The firm’s fifty day moving average is $47.26 and its two-hundred day moving average is $44.48.

SP Funds S&P Global Technology ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 28th will be paid a $0.0065 dividend. The ex-dividend date of this dividend is Monday, September 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.2%.

Institutional Trading of SP Funds S&P Global Technology ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. RFG Advisory LLC boosted its holdings in SP Funds S&P Global Technology ETF by 79.1% in the 2nd quarter. RFG Advisory LLC now owns 29,661 shares of the company’s stock worth $1,447,000 after buying an additional 13,102 shares during the period. IFP Advisors Inc lifted its position in shares of SP Funds S&P Global Technology ETF by 182.1% in the second quarter. IFP Advisors Inc now owns 1,845 shares of the company’s stock valued at $90,000 after acquiring an additional 1,191 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of SP Funds S&P Global Technology ETF by 7.7% in the second quarter. TD Waterhouse Canada Inc. now owns 58,724 shares of the company’s stock valued at $2,778,000 after acquiring an additional 4,211 shares in the last quarter. Strengthening Families & Communities LLC boosted its stake in shares of SP Funds S&P Global Technology ETF by 8.9% in the second quarter. Strengthening Families & Communities LLC now owns 7,423 shares of the company’s stock worth $362,000 after acquiring an additional 609 shares during the period. Finally, World Equity Group Inc. bought a new position in shares of SP Funds S&P Global Technology ETF in the second quarter worth about $232,000.

SP Funds S&P Global Technology ETF Company Profile

The SP Funds S&P Global Technology ETF (SPTE) is an exchange-traded fund that mostly invests in information technology equity. The fund is a passively managed fund, investing in global technology firms adhering to Shariah investment principles. Stocks selected for the portfolio are weighted based on market-cap SPTE was launched on Nov 30, 2023 and is issued by SP Funds.