Short Interest in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Grows By 104.3%

Posted by Casey Walker on Jan 31st, 2025

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL – Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 56,400 shares, an increase of 104.3% from the December 31st total of 27,600 shares. Based on an average trading volume of 74,200 shares, the short-interest ratio is presently 0.8 days.

Wahed FTSE USA Shariah ETF Stock Down 0.3 %

Shares of NASDAQ:HLAL traded down $0.16 during midday trading on Friday, hitting $54.07. 66,127 shares of the stock traded hands, compared to its average volume of 93,515. The stock has a market capitalization of $593.73 million, a PE ratio of 24.44 and a beta of 1.05. The business’s 50 day moving average is $53.62 and its two-hundred day moving average is $52.00. Wahed FTSE USA Shariah ETF has a one year low of $45.60 and a one year high of $55.15.

Wahed FTSE USA Shariah ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, December 26th. Stockholders of record on Tuesday, December 24th were paid a dividend of $0.0829 per share. 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. Valeo Financial Advisors LLC grew its stake in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL – Free Report) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,639 shares of the company’s stock after acquiring an additional 288 shares during the quarter. Valeo Financial Advisors LLC owned about 0.10% of Wahed FTSE USA Shariah ETF worth $561,000 as of its most recent SEC filing.

About Wahed FTSE USA Shariah ETF

(Get Free Report)

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.