Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Short Interest Up 34.5% in December

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 65,482 shares, a growth of 34.5% from the November 30th total of 48,678 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 56,440 shares, the short-interest ratio is currently 1.2 days. Based on an average trading volume of 56,440 shares, the short-interest ratio is currently 1.2 days. Approximately 0.6% of the shares of the company are sold short.

Wahed FTSE USA Shariah ETF Price Performance

Shares of HLAL traded down $0.04 during trading hours on Tuesday, reaching $62.48. 84,625 shares of the company’s stock traded hands, compared to its average volume of 78,356. Wahed FTSE USA Shariah ETF has a twelve month low of $42.10 and a twelve month high of $63.04. The business’s fifty day simple moving average is $61.64 and its two-hundred day simple moving average is $58.17. The firm has a market capitalization of $742.26 million, a price-to-earnings ratio of 26.06 and a beta of 1.00.

Wahed FTSE USA Shariah ETF Cuts Dividend

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

Hedge Funds Weigh In On Wahed FTSE USA Shariah ETF

A hedge fund recently raised its stake in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC grew its holdings in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,695 shares of the company’s stock after purchasing an additional 605 shares during the period. Farther Finance Advisors LLC owned approximately 0.30% of Wahed FTSE USA Shariah ETF worth $2,118,000 as of its most recent filing with the Securities and Exchange Commission.

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.