(SPRE) SP Funds S&P Global REIT - Ratings and Ratios

The SP Funds S&P Global REIT Sharia ETF (NYSE ARCA: SPRE) is designed to track the performance of the S&P Global BMI Shariah Index, which screens publicly-traded equity securities for compliance with Shariah principles. The index includes REITs from both developed and emerging markets, providing exposure to a global real estate investment trust sector that adheres to Islamic financial norms. The fund typically invests at least 80% of its assets in the underlying securities of the index, focusing on Sharia-compliant real estate companies. As a non-diversified fund, it may concentrate its holdings in a smaller number of securities, which can lead to higher volatility compared to diversified funds.

From a technical perspective, SPRE has shown stability in its price action, with the 20-day, 50-day, and 200-day moving averages converging near the $20.17-$20.47 range. The Average True Range (ATR) of 0.32 indicates relatively low volatility over the past 20 days. The funds average daily trading volume of 67,983 shares suggests moderate liquidity, which is typical for a niche ETF focused on Sharia-compliant real estate investments. The funds assets under management (AUM) of $155.63 million reflect its appeal to investors seeking exposure to global Sharia-compliant real estate securities.