Short Interest in SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Drops By 87.9%
by Amy Steele · The Cerbat GemSP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO – Get Free Report) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 6,733 shares, a decrease of 87.9% from the December 31st total of 55,783 shares. Based on an average daily volume of 55,173 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 55,173 shares, the short-interest ratio is currently 0.1 days.
Hedge Funds Weigh In On SP Funds S&P World (ex-US) ETF
Several hedge funds have recently made changes to their positions in the stock. Pacific Center for Financial Services purchased a new stake in SP Funds S&P World (ex-US) ETF during the 2nd quarter worth about $38,000. Farther Finance Advisors LLC bought a new position in SP Funds S&P World (ex-US) ETF in the 4th quarter valued at $52,000. CWM LLC grew its position in shares of SP Funds S&P World (ex-US) ETF by 278.2% during the 3rd quarter. CWM LLC now owns 5,129 shares of the company’s stock valued at $137,000 after purchasing an additional 3,773 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of SP Funds S&P World (ex-US) ETF in the third quarter worth $278,000. Finally, Lido Advisors LLC bought a new stake in SP Funds S&P World (ex-US) ETF during the third quarter valued at $306,000.
SP Funds S&P World (ex-US) ETF Price Performance
Shares of SPWO traded down $0.06 during mid-day trading on Wednesday, hitting $30.02. The stock had a trading volume of 91,828 shares, compared to its average volume of 56,529. SP Funds S&P World has a 52 week low of $19.15 and a 52 week high of $30.33. The business has a fifty day moving average price of $27.63 and a 200-day moving average price of $26.49. The firm has a market cap of $111.07 million, a P/E ratio of 21.74 and a beta of 0.67.
SP Funds S&P World (ex-US) ETF Cuts Dividend
The firm also recently disclosed a monthly dividend, which was paid on Monday, January 26th. Investors of record on Friday, January 23rd were issued a $0.0255 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a c) annualized dividend and a yield of 1.0%.
SP Funds S&P World (ex-US) ETF Company Profile
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.