Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Update

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 32,459 shares, a growth of 101.9% from the May 14th total of 16,074 shares. Based on an average daily trading volume, of 42,046 shares, the short-interest ratio is currently 0.8 days. Currently, 0.5% of the shares of the stock are short sold.

Wahed Dow Jones Islamic World ETF Stock Performance

Shares of NASDAQ:UMMA traded up $0.92 during mid-day trading on Monday, reaching $39.26. 34,762 shares of the company’s stock were exchanged, compared to its average volume of 50,353. Wahed Dow Jones Islamic World ETF has a twelve month low of $25.27 and a twelve month high of $39.64. The firm has a market capitalization of $276.78 million, a price-to-earnings ratio of 23.30 and a beta of 1.04. The business’s fifty day moving average price is $35.37 and its 200-day moving average price is $32.60.

Wahed Dow Jones Islamic World ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Thursday, March 26th were paid a $0.12 dividend. This is a positive change from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.00. This represents a $0.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Trading of Wahed Dow Jones Islamic World ETF

A hedge fund recently raised its stake in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC increased its holdings in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 44.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,162 shares of the company’s stock after purchasing an additional 7,475 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.38% of Wahed Dow Jones Islamic World ETF worth $715,000 at the end of the most recent reporting period.

About Wahed Dow Jones Islamic World ETF

The Wahed Dow Jones Islamic World ETF (UMMA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of global ex-US securities that are determined to be Shariah-compliant based on business activities and accounting criteria. Holdings are also screened to assess ESG risks. UMMA was launched on Jan 7, 2022 and is managed by Wahed.