Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Short Interest Down 59.9% in March

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 94,400 shares, a decrease of 59.9% from the March 15th total of 235,400 shares. Based on an average daily trading volume, of 89,400 shares, the short-interest ratio is currently 1.1 days. Currently, 0.8% of the shares of the stock are short sold.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

A number of large investors have recently modified their holdings of HLAL. Valeo Financial Advisors LLC lifted its position in shares of Wahed FTSE USA Shariah ETF by 2.8% during the 4th quarter. Valeo Financial Advisors LLC now owns 10,639 shares of the company’s stock worth $561,000 after buying an additional 288 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Wahed FTSE USA Shariah ETF by 2.3% in the fourth quarter. Farther Finance Advisors LLC now owns 40,077 shares of the company’s stock worth $2,114,000 after acquiring an additional 895 shares during the last quarter. Finally, United Capital Financial Advisors LLC boosted its stake in shares of Wahed FTSE USA Shariah ETF by 10.4% in the 4th quarter. United Capital Financial Advisors LLC now owns 4,969 shares of the company’s stock valued at $262,000 after purchasing an additional 470 shares in the last quarter.

Wahed FTSE USA Shariah ETF Stock Up 0.9 %

Shares of NASDAQ:HLAL traded up $0.39 during midday trading on Thursday, hitting $45.74. The stock had a trading volume of 32,073 shares, compared to its average volume of 70,259. The company’s 50-day moving average price is $49.78 and its 200-day moving average price is $51.84. Wahed FTSE USA Shariah ETF has a fifty-two week low of $42.10 and a fifty-two week high of $55.15. The company has a market capitalization of $528.29 million, a P/E ratio of 25.89 and a beta of 1.05.

Wahed FTSE USA Shariah ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 26th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.70%. The ex-dividend date was Wednesday, March 26th.

Wahed FTSE USA Shariah ETF Company Profile

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.