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

The SP Funds S&P Global REIT Sharia ETF is a niche investment vehicle that tracks a Sharia-compliant index of global REIT securities, providing exposure to a diversified portfolio of real estate investment trusts that adhere to Islamic finance principles.

The funds underlying index is a subset of the S&P Global BMI Shariah Index, which comprehensively covers Sharia-compliant publicly traded equity securities across developed and emerging markets. By investing at least 80% of its assets in the component securities of this index, the fund offers a unique blend of global REIT exposure and adherence to Islamic finance principles.

From a technical analysis perspective, the funds price action indicates a potential bullish trend. The current price of $19.36 is above both the 20-day and 50-day simple moving averages (SMA20 and SMA50), suggesting a short-term uptrend. However, the price remains below the 200-day simple moving average (SMA200), indicating a longer-term downtrend. The average true range (ATR) of 0.47, or 2.41%, suggests moderate volatility.

Given the current technical and fundamental data, a forecast for SPRE can be constructed. With the AUM of $150.13M, the fund has a relatively small asset base, which may impact its liquidity and trading costs. However, the funds niche focus on Sharia-compliant global REITs may attract investors seeking exposure to this specific segment. If the global REIT market continues to recover, and Sharia-compliant investors increasingly seek diversified exposure, SPRE may benefit from increased demand. A potential price target could be $21.50, representing a 10% increase from current levels, driven by a combination of technical rebound and fundamental growth.

In the context of the broader real estate ETF category, SPRE offers a distinct value proposition by combining global REIT exposure with Sharia compliance. As investors increasingly seek diversified and values-aligned investment opportunities, SPRE may attract a dedicated following, potentially driving growth in its AUM and supporting its price.