Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Short Interest Down 19.3% in April

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 35,986 shares, a decrease of 19.3% from the March 31st total of 44,604 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 60,961 shares, the days-to-cover ratio is currently 0.6 days.

Wahed FTSE USA Shariah ETF Stock Up 0.9%

NASDAQ:HLAL traded up $0.57 during mid-day trading on Friday, reaching $67.53. 35,665 shares of the stock were exchanged, compared to its average volume of 65,910. The stock has a market capitalization of $828.59 million, a P/E ratio of 26.06 and a beta of 0.98. Wahed FTSE USA Shariah ETF has a 1 year low of $48.14 and a 1 year high of $67.74. The company has a 50 day simple moving average of $62.23 and a 200-day simple moving average of $62.06.

Wahed FTSE USA Shariah ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Thursday, March 26th were given a dividend of $0.077 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 0.5%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Wahed FTSE USA Shariah ETF stock. Murphy & Mullick Capital Management Corp grew its holdings in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 13.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,700 shares of the company’s stock after buying an additional 200 shares during the period. Murphy & Mullick Capital Management Corp’s holdings in Wahed FTSE USA Shariah ETF were worth $101,000 at the end of the most recent reporting period.

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.