Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Update

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 14,300 shares, an increase of 22.2% from the December 31st total of 11,700 shares. Based on an average daily volume of 30,600 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Wahed Dow Jones Islamic World ETF

A hedge fund recently raised its stake in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC boosted its position in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 48.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,617 shares of the company’s stock after buying an additional 3,488 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.24% of Wahed Dow Jones Islamic World ETF worth $271,000 as of its most recent SEC filing.

Wahed Dow Jones Islamic World ETF Price Performance

Shares of NASDAQ:UMMA traded down $0.16 during midday trading on Friday, reaching $24.90. The company’s stock had a trading volume of 17,561 shares, compared to its average volume of 36,113. The business’s fifty day simple moving average is $24.32 and its 200-day simple moving average is $24.66. The company has a market capitalization of $123.26 million, a P/E ratio of 20.60 and a beta of 1.03. Wahed Dow Jones Islamic World ETF has a fifty-two week low of $22.02 and a fifty-two week high of $26.44.

Wahed Dow Jones Islamic World ETF Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, December 24th were paid a $0.0043 dividend. The ex-dividend date of this dividend was Tuesday, December 24th.

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.