Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Up 146.7% in February

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 239,141 shares, a growth of 146.7% from the January 29th total of 96,935 shares. Currently, 3.8% of the shares of the stock are short sold. Based on an average trading volume of 46,337 shares, the short-interest ratio is presently 5.2 days. Based on an average trading volume of 46,337 shares, the short-interest ratio is presently 5.2 days. Currently, 3.8% of the shares of the stock are short sold.

Institutional Trading of 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 increased its position in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 10.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,687 shares of the company’s stock after acquiring an additional 1,617 shares during the period. Farther Finance Advisors LLC owned about 0.29% of Wahed Dow Jones Islamic World ETF worth $460,000 as of its most recent filing with the Securities and Exchange Commission.

Wahed Dow Jones Islamic World ETF Stock Performance

UMMA opened at $34.66 on Friday. Wahed Dow Jones Islamic World ETF has a 52-week low of $20.85 and a 52-week high of $34.98. The firm has a market cap of $220.09 million, a P/E ratio of 23.30 and a beta of 0.98. The business’s fifty day moving average is $31.84 and its 200-day moving average is $29.26.

Wahed Dow Jones Islamic World ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were paid a dividend of $0.0044 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Wednesday, December 24th.

About Wahed Dow Jones Islamic World ETF

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. UMMA was launched on Jan 7, 2022 and is managed by Wahed.