SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Short Interest Update

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 156,784 shares, a growth of 369.7% from the May 31st total of 33,377 shares. Approximately 3.2% of the company’s shares are short sold. Based on an average trading volume of 80,640 shares, the short-interest ratio is presently 1.9 days.

Institutional Investors Weigh In On SP Funds S&P World (ex-US) ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Lido Advisors LLC lifted its holdings in shares of SP Funds S&P World (ex-US) ETF by 11.0% in the 1st quarter. Lido Advisors LLC now owns 12,762 shares of the company’s stock worth $360,000 after buying an additional 1,267 shares during the period. Cetera Investment Advisers purchased a new position in shares of SP Funds S&P World (ex-US) ETF during the first quarter valued at $486,000. Mariner LLC purchased a new position in shares of SP Funds S&P World (ex-US) ETF during the fourth quarter valued at $269,000. Goldman Sachs Group Inc. bought a new stake in shares of SP Funds S&P World (ex-US) ETF in the fourth quarter valued at about $367,000. Finally, Strengthening Families & Communities LLC raised its holdings in shares of SP Funds S&P World (ex-US) ETF by 243.6% in the fourth quarter. Strengthening Families & Communities LLC now owns 6,955 shares of the company’s stock valued at $190,000 after acquiring an additional 4,931 shares in the last quarter.

SP Funds S&P World (ex-US) ETF Stock Performance

Shares of NYSEARCA:SPWO opened at $33.30 on Monday. The firm’s 50 day simple moving average is $32.95 and its 200-day simple moving average is $30.34. SP Funds S&P World has a one year low of $23.86 and a one year high of $35.46. The firm has a market cap of $165.50 million, a PE ratio of 21.74 and a beta of 0.91.

SP Funds S&P World (ex-US) ETF Company Profile

The SP Funds S&P World (ex-US) ETF (SPWO) is an exchange-traded fund that is based on the S&P DM Ex-U.S. & EM 50/50 Shariah index. The fund tracks an index of 500 Sharia-compliant companies from developed and emerging markets outside the US. Holdings are modified market cap-weighted SPWO was launched on Dec 19, 2023 and is issued by SP Funds.