(SPUS) SP Funds SP500 Sharia - Ratings and Ratios

The SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSE ARCA: SPUS) tracks a modified version of the S&P 500® Shariah Index, excluding specific sub-industries such as Aerospace & Defense, Financial Exchanges & Data, and Data Processing & Outsourced Services. The funds manager seeks to replicate the performance of the underlying index by investing primarily in its component securities. Under normal market conditions, at least 80% of the funds assets are allocated to sharia-compliant companies within the index. As a non-diversified fund, it may concentrate its investments in a smaller number of securities, which can increase volatility.

From a technical perspective, the ETF is currently trading above its 20-day and 50-day moving averages but below its 200-day moving average, indicating potential short-term strength amidst a longer-term downtrend. The average true range (ATR) of 1.27 suggests moderate volatility. Fundamentally, with assets under management (AUM) of $1.06 billion, the fund has significant investor interest. The 20-day average volume of 354,700 shares reflects reasonable liquidity. Based on these metrics, the ETF may experience near-term consolidation around the $39-41 range, with potential upside driven by strength in the broader large-cap growth sector.