SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Short Interest Update

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 33,213 shares, a decline of 37.8% from the August 31st total of 53,387 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 78,775 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On SP Funds S&P World (ex-US) ETF

A number of hedge funds have recently bought and sold shares of SPWO. Strengthening Families & Communities LLC grew its position in shares of SP Funds S&P World (ex-US) ETF by 4.1% during the second quarter. Strengthening Families & Communities LLC now owns 13,253 shares of the company’s stock worth $458,000 after buying an additional 518 shares in the last quarter. Timbuktu Capital Management LLC purchased a new stake in shares of SP Funds S&P World (ex-US) ETF in the 2nd quarter valued at approximately $34,000. Range Advisory LLC raised its holdings in shares of SP Funds S&P World (ex-US) ETF by 15.5% in the 2nd quarter. Range Advisory LLC now owns 9,147 shares of the company’s stock valued at $316,000 after purchasing an additional 1,230 shares in the last quarter. Lido Advisors LLC lifted its position in shares of SP Funds S&P World (ex-US) ETF by 11.0% during the 1st quarter. Lido Advisors LLC now owns 12,762 shares of the company’s stock worth $360,000 after purchasing an additional 1,267 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in shares of SP Funds S&P World (ex-US) ETF by 12.3% during the second quarter. TD Waterhouse Canada Inc. now owns 56,091 shares of the company’s stock worth $1,868,000 after purchasing an additional 6,147 shares in the last quarter.

SP Funds S&P World (ex-US) ETF Stock Down 0.3%

SPWO stock traded down $0.11 during midday trading on Thursday, hitting $33.39. The company’s stock had a trading volume of 25,585 shares, compared to its average volume of 63,762. SP Funds S&P World has a 52-week low of $25.51 and a 52-week high of $35.46. The firm has a 50-day simple moving average of $33.16 and a 200-day simple moving average of $32.32. The firm has a market capitalization of $235.40 million, a P/E ratio of 21.74 and a beta of 0.93.

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

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.