SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Stock Short Interest Rises 174.5%

by · The Markets Daily

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS – Get Free Report) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 257,142 shares, a growth of 174.5% from the August 31st total of 93,673 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 372,279 shares, the days-to-cover ratio is currently 0.7 days.

SP Funds S&P 500 Sharia Industry Exclusions ETF Stock Down 0.5%

Shares of SP Funds S&P 500 Sharia Industry Exclusions ETF stock opened at $59.72 on Tuesday. The stock’s fifty day moving average is $58.36 and its 200-day moving average is $55.77. The firm has a market capitalization of $3.25 billion, a PE ratio of 30.44 and a beta of 1.09. SP Funds S&P 500 Sharia Industry Exclusions ETF has a 12-month low of $46.43 and a 12-month high of $60.30.

SP Funds S&P 500 Sharia Industry Exclusions ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 28th will be paid a $0.0260 dividend. The ex-dividend date of this dividend is Monday, September 28th. This represents a $0.31 dividend on an annualized basis and a yield of 0.5%.

Institutional Trading of SP Funds S&P 500 Sharia Industry Exclusions ETF

A number of hedge funds have recently bought and sold shares of the company. Operose Advisors LLC purchased a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the second quarter worth approximately $33,000. Evansbrook LLC acquired a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the first quarter valued at approximately $243,000. Finally, Atomic Invest LLC lifted its position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 9.5% in the 2nd quarter. Atomic Invest LLC now owns 16,630 shares of the company’s stock valued at $943,000 after acquiring an additional 1,436 shares in the last quarter.

About SP Funds S&P 500 Sharia Industry Exclusions ETF

(Get Free Report)

The SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) is an exchange-traded fund that is based on the S&P 500 Shariah Industry Exclusions index. The fund tracks a market-cap weighted index of S&P 500 stocks that are Sharia-compliant. SPUS was launched on Dec 18, 2019 and is managed by SP Funds.

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