Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Down 71.7% in January

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 11,700 shares, a decrease of 71.7% from the December 31st total of 41,400 shares. Based on an average daily trading volume, of 30,200 shares, the short-interest ratio is presently 0.4 days.

Wahed Dow Jones Islamic World ETF Price Performance

Wahed Dow Jones Islamic World ETF stock traded down $0.04 during trading hours on Wednesday, reaching $24.72. The stock had a trading volume of 28,684 shares, compared to its average volume of 37,694. The stock has a market cap of $122.36 million, a PE ratio of 20.60 and a beta of 1.03. The company has a fifty day simple moving average of $24.28 and a 200-day simple moving average of $24.66. Wahed Dow Jones Islamic World ETF has a 52 week low of $22.02 and a 52 week high of $26.44.

Wahed Dow Jones Islamic World ETF Dividend Announcement

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

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 increased its position in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 48.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,617 shares of the company’s stock after purchasing 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 filing with the Securities & Exchange Commission.

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.