SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) Trading 0.4% Higher – Still a Buy?

SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) shares shot up 0.4% during mid-day trading on Tuesday . The stock traded as high as $18.18 and last traded at $18.16. 149,105 shares were traded during trading, an increase of 36% from the average session volume of 109,499 shares. The stock had previously closed at $18.08.

SP Funds Dow Jones Global Sukuk ETF Price Performance

The company’s 50-day moving average price is $18.31 and its 200-day moving average price is $17.98.

Hedge Funds Weigh In On SP Funds Dow Jones Global Sukuk ETF

A hedge fund recently raised its stake in SP Funds Dow Jones Global Sukuk ETF stock. Farther Finance Advisors LLC boosted its position in SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK) by 54.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,944 shares of the company’s stock after purchasing an additional 6,308 shares during the quarter. Farther Finance Advisors LLC owned about 0.16% of SP Funds Dow Jones Global Sukuk ETF worth $330,000 at the end of the most recent reporting period.

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.