SPRE Stock Summary and Trading Ideas (SP Funds S&P Global REIT Sharia ETF | ARCA:SPRE)

The Index includes all REIT securities listed in developed and emerging markets and included as constituents of the S&P Global BMI Shariah Index, a comprehensive global Sharia-compliant index of publicly-traded equity securities. Constituents included in the S&P Global BMI Shariah Index must have a float-adjusted market capitalization of at least 100 million and an annual trading value of at least 50 million. A REIT is a security of a company that invests in real estate, either through real estate property, mortgages and similar real estate investments, or all of the foregoing. Islamic religious law commonly known as Sharia has certain restrictions regarding finance and commercial activities permitted for Muslims, including interest restrictions and prohibited industries. Constituents of the S&P Global BMI Shariah Index, and therefore constituents of the Index, have been screened for non-compliant business activities (companies that offer products and services that are not compliant with Sharia law such as gambling, alcohol, or tobacco) and compliance with certain accounting-based financial ratios (companies must satisfy financial ratios governing leverage, cash, and the share of revenues derived from non-compliant activities).

SP Funds S&P Global REIT Sharia ETF trades on the ARCA stock market under the symbol SPRE.

As of April 11, 2025, SPRE stock price climbed to $17.86 with 31,835 million shares trading.

SPRE has a beta of 0.70, meaning it tends to be less sensitive to market movements. SPRE has a correlation of 0.47 to the broad based SPY ETF.

SPRE has a market cap of $137.08 million. This is considered a Micro Cap stock.

In the last 3 years, SPRE traded as high as $27.35 and as low as $16.19.

SPRE has underperformed the market in the last year with a price return of -7.6% while the SPY ETF gained +4.5%. However, in the short term, SPRE had mixed performance relative to the market. It has outperformed in the last 3 months, returning -7.0% vs -7.7% return in SPY. But in the last 2 weeks, SPRE shares have been beat by the market, returning -8.2% compared to an SPY return of -3.9%.

SPRE support price is $17.45 and resistance is $17.99 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPRE shares will trade within this expected range on the day.