SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) Shares Down 0.2% – Here’s Why

Shares of SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) traded down 0.2% on Monday . The stock traded as low as $19.37 and last traded at $19.39. 64,814 shares changed hands during mid-day trading, an increase of 17% from the average session volume of 55,579 shares. The stock had previously closed at $19.42.

SP Funds S&P Global REIT Sharia ETF Stock Down 0.2%

The firm’s 50 day moving average price is $19.46 and its two-hundred day moving average price is $19.41. The firm has a market capitalization of $170.05 million, a PE ratio of 36.50 and a beta of 1.07.

Institutional Trading of SP Funds S&P Global REIT Sharia ETF

A hedge fund recently bought a new stake in SP Funds S&P Global REIT Sharia ETF stock. Flow Traders U.S. LLC purchased a new position in SP Funds S&P Global REIT Sharia ETF (NYSEARCA:SPRE) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 61,580 shares of the company’s stock, valued at approximately $1,200,000. Flow Traders U.S. LLC owned approximately 0.70% of SP Funds S&P Global REIT Sharia ETF as of its most recent filing with the Securities & Exchange Commission.

About SP Funds S&P Global REIT Sharia ETF

The SP Funds S&P Global REIT Sharia ETF (SPRE) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a market-cap-weighted index of Shariah-compliant global REITs. SPRE was launched on Dec 30, 2020 and is managed by SP Funds.