Short Interest in SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Expands By 84.9%

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 159,511 shares, an increase of 84.9% from the November 30th total of 86,256 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 380,889 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 380,889 shares, the short-interest ratio is currently 0.4 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Investors Weigh In On SP Funds S&P 500 Sharia Industry Exclusions ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SPUS. Janney Montgomery Scott LLC purchased a new position in SP Funds S&P 500 Sharia Industry Exclusions ETF during the second quarter worth about $207,000. Jaffetilchin Investment Partners LLC raised its holdings in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 69.8% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 12,682 shares of the company’s stock worth $563,000 after purchasing an additional 5,212 shares during the period. Marshall Wace LLP bought a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the 2nd quarter worth $1,674,000. Finally, Farther Finance Advisors LLC boosted its position in SP Funds S&P 500 Sharia Industry Exclusions ETF by 4.0% during the third quarter. Farther Finance Advisors LLC now owns 100,928 shares of the company’s stock worth $4,987,000 after purchasing an additional 3,916 shares during the period.

SP Funds S&P 500 Sharia Industry Exclusions ETF Stock Performance

Shares of SPUS opened at $51.75 on Friday. The firm has a market capitalization of $1.82 billion, a P/E ratio of 30.44 and a beta of 1.04. SP Funds S&P 500 Sharia Industry Exclusions ETF has a 52 week low of $33.32 and a 52 week high of $52.35. The stock has a 50 day moving average price of $50.94 and a two-hundred day moving average price of $48.13.

About SP Funds S&P 500 Sharia Industry Exclusions ETF

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.