Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Short Interest Update

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) was the target of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 62,763 shares, a decline of 56.6% from the January 15th total of 144,507 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 67,906 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 67,906 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp purchased a new position in shares of Wahed FTSE USA Shariah ETF in the 4th quarter valued at approximately $93,000. Strategic Blueprint LLC bought a new position in Wahed FTSE USA Shariah ETF in the fourth quarter worth $201,000. Finally, Farther Finance Advisors LLC lifted its position in Wahed FTSE USA Shariah ETF by 1.7% during the third quarter. Farther Finance Advisors LLC now owns 35,695 shares of the company’s stock valued at $2,118,000 after buying an additional 605 shares during the period.

Wahed FTSE USA Shariah ETF Stock Down 1.8%

Shares of NASDAQ:HLAL traded down $1.13 on Thursday, hitting $62.33. The company had a trading volume of 78,894 shares, compared to its average volume of 83,038. The firm’s 50-day simple moving average is $62.74 and its two-hundred day simple moving average is $60.17. The firm has a market capitalization of $732.38 million, a price-to-earnings ratio of 26.06 and a beta of 1.00. Wahed FTSE USA Shariah ETF has a 1 year low of $42.10 and a 1 year high of $64.19.

Wahed FTSE USA Shariah ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were issued a $0.0772 dividend. The ex-dividend date was Wednesday, December 24th. This represents a $0.31 annualized dividend and a yield of 0.5%.

About Wahed FTSE USA Shariah ETF

The Wahed FTSE USA Shariah ETF (HLAL) is an exchange-traded fund that is based on the FTSE USA Shariah index, a principles-selected, market-cap-weighted index of US equities. HLAL was launched on Jul 16, 2019 and is managed by Wahed.