Short Interest in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Increases By 76.9%

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 41,400 shares, an increase of 76.9% from the November 30th total of 23,400 shares. Based on an average trading volume of 27,000 shares, the days-to-cover ratio is currently 1.5 days.

Wahed Dow Jones Islamic World ETF Stock Performance

Shares of Wahed Dow Jones Islamic World ETF stock traded down $0.19 during trading hours on Friday, hitting $23.81. The company’s stock had a trading volume of 33,902 shares, compared to its average volume of 26,374. The company has a market cap of $107.15 million, a PE ratio of 20.60 and a beta of 1.03. The business has a 50 day moving average price of $24.45 and a two-hundred day moving average price of $24.79. Wahed Dow Jones Islamic World ETF has a 12-month low of $21.69 and a 12-month high of $26.44.

Wahed Dow Jones Islamic World ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, December 24th were issued a $0.0043 dividend. The ex-dividend date of this dividend was Tuesday, December 24th.

Institutional Investors Weigh In On Wahed Dow Jones Islamic World ETF

An institutional investor recently raised its position in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC lifted its stake in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 48.9% during the 3rd quarter, according to its most recent disclosure 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 at the end of the most recent reporting period.

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.