SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) Short Interest Update

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 519,017 shares, an increase of 202.0% from the May 14th total of 171,844 shares. Based on an average trading volume of 381,890 shares, the days-to-cover ratio is presently 1.4 days. Currently, 2.0% of the shares of the company are short sold.

SP Funds Dow Jones Global Sukuk ETF Trading Up 0.4%

Shares of SP Funds Dow Jones Global Sukuk ETF stock opened at $18.03 on Friday. SP Funds Dow Jones Global Sukuk ETF has a 52-week low of $17.76 and a 52-week high of $18.71. The company’s 50-day simple moving average is $18.02 and its 200-day simple moving average is $18.19.

Institutional Trading of SP Funds Dow Jones Global Sukuk ETF

A number of institutional investors have recently modified their holdings of SPSK. Strategic Blueprint LLC boosted its stake in shares of SP Funds Dow Jones Global Sukuk ETF by 5.2% in the fourth quarter. Strategic Blueprint LLC now owns 12,264 shares of the company’s stock valued at $224,000 after buying an additional 601 shares in the last quarter. DGS Capital Management LLC lifted its stake in shares of SP Funds Dow Jones Global Sukuk ETF by 3.0% in the first quarter. DGS Capital Management LLC now owns 27,505 shares of the company’s stock valued at $492,000 after purchasing an additional 789 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of SP Funds Dow Jones Global Sukuk ETF by 10.0% in the fourth quarter. Farther Finance Advisors LLC now owns 42,110 shares of the company’s stock valued at $769,000 after purchasing an additional 3,842 shares during the period.

About SP Funds Dow Jones Global Sukuk ETF

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.