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

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 53,113 shares, an increase of 186.7% from the July 15th total of 18,524 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 34,252 shares, the short-interest ratio is currently 1.6 days.

Wahed Dow Jones Islamic World ETF Price Performance

Shares of Wahed Dow Jones Islamic World ETF stock traded down $0.23 on Friday, reaching $37.67. 37,330 shares of the company traded hands, compared to its average volume of 49,543. Wahed Dow Jones Islamic World ETF has a 52 week low of $25.82 and a 52 week high of $41.53. The company has a 50 day moving average of $37.46 and a 200 day moving average of $35.00. The firm has a market capitalization of $293.83 million, a PE ratio of 23.30 and a beta of 1.04.

Wahed Dow Jones Islamic World ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 25th were paid a $0.004 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.02 annualized dividend and a yield of 0.0%.

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 raised its position in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 44.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,162 shares of the company’s stock after buying an additional 7,475 shares during the quarter. Farther Finance Advisors LLC owned about 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.