Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Short Interest Update

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 123,626 shares, a growth of 66.4% from the August 31st total of 74,277 shares. Based on an average trading volume of 53,680 shares, the short-interest ratio is presently 2.3 days. Approximately 0.9% of the shares of the company are short sold.

Wahed FTSE USA Shariah ETF Trading Up 0.8%

Shares of HLAL stock traded up $0.58 during trading hours on Wednesday, hitting $75.21. 71,214 shares of the company were exchanged, compared to its average volume of 62,653. The stock has a market capitalization of $981.54 million, a price-to-earnings ratio of 26.06 and a beta of 1.03. The firm has a fifty day simple moving average of $72.55 and a 200 day simple moving average of $69.26. Wahed FTSE USA Shariah ETF has a 52-week low of $57.22 and a 52-week high of $75.64.

Wahed FTSE USA Shariah ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Thursday, September 24th were issued a dividend of $0.0960 per share. This represents a $0.38 annualized dividend and a yield of 0.5%. This is a positive change from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.0190. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Trading of Wahed FTSE USA Shariah ETF

An institutional investor recently raised its position in Wahed FTSE USA Shariah ETF stock. Murphy & Mullick Capital Management Corp raised its position in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 13.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,700 shares of the company’s stock after buying an additional 200 shares during the quarter. Murphy & Mullick Capital Management Corp’s holdings in Wahed FTSE USA Shariah ETF were worth $101,000 at the end of the most recent reporting period.

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.