SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) Short Interest Up 3,081.2% in December

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 339,374 shares, an increase of 3,081.2% from the December 15th total of 10,668 shares. Based on an average daily volume of 198,042 shares, the short-interest ratio is presently 1.7 days. Approximately 1.4% of the company’s shares are sold short. Approximately 1.4% of the company’s shares are sold short. Based on an average daily volume of 198,042 shares, the short-interest ratio is presently 1.7 days.

Institutional Trading of SP Funds Dow Jones Global Sukuk ETF

Several large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its holdings in SP Funds Dow Jones Global Sukuk ETF by 11.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 38,268 shares of the company’s stock worth $707,000 after purchasing an additional 4,080 shares in the last quarter. Heartwood Wealth Advisors LLC boosted its stake in shares of SP Funds Dow Jones Global Sukuk ETF by 5.9% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 16,242 shares of the company’s stock valued at $300,000 after purchasing an additional 903 shares in the last quarter. Finally, Strategic Blueprint LLC increased its position in shares of SP Funds Dow Jones Global Sukuk ETF by 7.7% during the third quarter. Strategic Blueprint LLC now owns 11,663 shares of the company’s stock valued at $216,000 after buying an additional 837 shares during the period.

SP Funds Dow Jones Global Sukuk ETF Trading Up 0.2%

NYSEARCA SPSK opened at $18.28 on Wednesday. SP Funds Dow Jones Global Sukuk ETF has a fifty-two week low of $17.55 and a fifty-two week high of $18.71. The stock has a 50 day simple moving average of $18.49 and a two-hundred day simple moving average of $18.45.

SP Funds Dow Jones Global Sukuk ETF Company Profile

The SP Funds Dow Jones Global Sukuk ETF (SPSK) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated global investment-grade sukuk of various maturities and weighted by market value. SPSK was launched on Dec 30, 2019 and is managed by SP Funds.