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

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 9,500 shares, a decline of 33.6% from the January 15th total of 14,300 shares. Based on an average daily volume of 32,000 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC lifted its stake in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 48.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,617 shares of the company’s stock after purchasing 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 SEC.

Wahed Dow Jones Islamic World ETF Stock Up 0.6 %

Shares of Wahed Dow Jones Islamic World ETF stock traded up $0.15 on Friday, hitting $25.64. 12,779 shares of the company’s stock traded hands, compared to its average volume of 32,733. Wahed Dow Jones Islamic World ETF has a 52-week low of $22.02 and a 52-week high of $26.44. The stock has a market cap of $126.92 million, a P/E ratio of 20.60 and a beta of 1.03. The firm’s 50-day moving average is $24.47 and its 200 day moving average is $24.69.

Wahed Dow Jones Islamic World ETF Dividend Announcement

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