Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sees Large Volume Increase – Here’s Why

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) shares saw strong trading volume on Thursday . 128,191 shares traded hands during trading, an increase of 61% from the previous session’s volume of 79,756 shares.The stock last traded at $54.15 and had previously closed at $54.05.

Wahed FTSE USA Shariah ETF Stock Down 0.3 %

The stock has a market cap of $594.24 million, a price-to-earnings ratio of 24.44 and a beta of 1.05. The firm’s 50 day moving average is $53.46 and its two-hundred day moving average is $51.94.

Wahed FTSE USA Shariah ETF Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, December 24th were paid a $0.0829 dividend. The ex-dividend date of this dividend was Tuesday, December 24th.

Institutional Investors 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 increased its stake in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 13.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,182 shares of the company’s stock after acquiring an additional 4,750 shares during the period. Farther Finance Advisors LLC owned approximately 0.37% of Wahed FTSE USA Shariah ETF worth $2,050,000 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.