Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sees Significant Drop in Short Interest

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 71,746 shares, a decline of 38.2% from the April 30th total of 116,168 shares. Based on an average daily trading volume, of 74,192 shares, the short-interest ratio is currently 1.0 days. Currently, 0.6% of the shares of the stock are short sold.

Hedge Funds Weigh In On Wahed FTSE USA Shariah ETF

An institutional investor recently bought a new position in Wahed FTSE USA Shariah ETF stock. Strategic Blueprint LLC acquired a new position in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,242 shares of the company’s stock, valued at approximately $201,000.

Wahed FTSE USA Shariah ETF Stock Performance

Wahed FTSE USA Shariah ETF stock opened at $73.15 on Friday. Wahed FTSE USA Shariah ETF has a 52 week low of $51.08 and a 52 week high of $73.83. The stock has a market capitalization of $897.55 million, a P/E ratio of 26.06 and a beta of 1.02. The stock has a fifty day moving average of $66.52 and a 200-day moving average of $63.73.

Wahed FTSE USA Shariah ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Thursday, March 26th were issued a dividend of $0.077 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 0.4%.

Wahed FTSE USA Shariah ETF Company Profile

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.