SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) Stock Short Interest Report for October

SP Funds S&P Global Technology ETF (NYSEARCA:SPTE) saw a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 20,386 shares, a decline of 67.1% from the October 15th total of 61,893 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 44,197 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SPTE. Cetera Investment Advisers purchased a new position in SP Funds S&P Global Technology ETF in the first quarter worth approximately $768,000. RFG Advisory LLC increased its stake in SP Funds S&P Global Technology ETF by 79.1% during the second quarter. RFG Advisory LLC now owns 29,661 shares of the company’s stock worth $1,447,000 after acquiring an additional 13,102 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in SP Funds S&P Global Technology ETF by 8.9% in the third quarter. TD Waterhouse Canada Inc. now owns 63,951 shares of the company’s stock valued at $3,222,000 after purchasing an additional 5,227 shares during the period. World Equity Group Inc. purchased a new stake in SP Funds S&P Global Technology ETF in the second quarter valued at $232,000. Finally, Farther Finance Advisors LLC raised its position in SP Funds S&P Global Technology ETF by 9.7% in the third quarter. Farther Finance Advisors LLC now owns 23,034 shares of the company’s stock valued at $1,152,000 after purchasing an additional 2,033 shares during the period.

SP Funds S&P Global Technology ETF Stock Down 2.1%

Shares of SP Funds S&P Global Technology ETF stock traded down $0.94 during mid-day trading on Friday, hitting $43.33. The stock had a trading volume of 20,496 shares, compared to its average volume of 50,908. The firm has a 50-day moving average of $47.79 and a two-hundred day moving average of $43.84. SP Funds S&P Global Technology ETF has a 12-month low of $32.74 and a 12-month high of $52.38. The firm has a market cap of $238.31 million, a P/E ratio of 29.87 and a beta of 1.62.

SP Funds S&P Global Technology ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, October 28th. Investors of record on Tuesday, October 27th were issued a $0.0065 dividend. The ex-dividend date was Tuesday, October 27th. This represents a $0.08 dividend on an annualized basis and a yield of 0.2%.

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.