Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Stock Short Interest Jumps 54.4%

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 175,185 shares, a growth of 54.4% from the September 15th total of 113,451 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average daily volume of 43,541 shares, the short-interest ratio is presently 4.0 days.

Wahed Dow Jones Islamic World ETF Stock Performance

Shares of NASDAQ UMMA opened at $35.17 on Friday. Wahed Dow Jones Islamic World ETF has a 1 year low of $27.26 and a 1 year high of $41.53. The firm has a market cap of $291.91 million, a P/E ratio of 23.30 and a beta of 1.05. The stock has a fifty day moving average price of $37.07 and a two-hundred day moving average price of $36.44.

Wahed Dow Jones Islamic World ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Thursday, September 24th were issued a dividend of $0.1510 per share. The ex-dividend date of this dividend was Thursday, September 24th. This is an increase from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.0040. This represents a $0.60 dividend on an annualized basis and a yield of 1.7%.

Institutional Investors Weigh In On Wahed Dow Jones Islamic World ETF

An institutional investor recently raised its stake in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC boosted its stake in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 17.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,547 shares of the company’s stock after buying an additional 4,452 shares during the period. Farther Finance Advisors LLC owned about 0.38% of Wahed Dow Jones Islamic World ETF worth $1,124,000 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.