Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sees Large Volume Increase – Here’s Why

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) shares saw an uptick in trading volume on Thursday . 128,191 shares changed hands during mid-day trading, an increase of 61% from the previous session’s volume of 79,756 shares.The stock last traded at $54.15 and had previously closed at $54.05.

Wahed FTSE USA Shariah ETF Stock Performance

The firm’s 50-day simple moving average is $53.46 and its 200-day simple moving average is $51.94. The company has a market capitalization of $594.24 million, a price-to-earnings ratio of 24.44 and a beta of 1.05.

Wahed FTSE USA Shariah 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 $0.0829 dividend. The ex-dividend date of this dividend was Tuesday, December 24th.

Hedge Funds Weigh In On Wahed FTSE USA Shariah ETF

An institutional investor recently raised its position in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC lifted its holdings in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 13.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,182 shares of the company’s stock after buying an additional 4,750 shares during the quarter. Farther Finance Advisors LLC owned about 0.37% of Wahed FTSE USA Shariah ETF worth $2,050,000 at the end of the most recent quarter.

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.