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 growth in short interest in November. As of November 15th, there was short interest totalling 35,700 shares, a growth of 127.4% from the October 31st total of 15,700 shares. Based on an average daily trading volume, of 25,400 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC grew its holdings in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 48.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,617 shares of the company’s stock after acquiring an additional 3,488 shares during the period. Farther Finance Advisors LLC owned about 0.24% of Wahed Dow Jones Islamic World ETF worth $271,000 as of its most recent filing with the Securities & Exchange Commission.

Wahed Dow Jones Islamic World ETF Stock Performance

UMMA opened at $24.11 on Thursday. The stock’s 50-day moving average price is $24.92 and its 200 day moving average price is $24.83. Wahed Dow Jones Islamic World ETF has a 12-month low of $21.50 and a 12-month high of $26.44. The firm has a market cap of $108.47 million, a price-to-earnings ratio of 20.60 and a beta of 1.03.

Wahed Dow Jones Islamic World ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 26th were given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Thursday, September 26th. This is a boost from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.01.

Wahed Dow Jones Islamic World ETF Company Profile

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.