Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sees Large Increase in Short Interest

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 116,168 shares, a growth of 222.8% from the April 15th total of 35,986 shares. Based on an average daily volume of 52,255 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.9% of the company’s stock are short sold.

Institutional Trading of Wahed FTSE USA Shariah ETF

A hedge fund recently bought a new stake in Wahed FTSE USA Shariah ETF stock. Murphy & Mullick Capital Management Corp purchased a new stake in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,500 shares of the company’s stock, valued at approximately $93,000.

Wahed FTSE USA Shariah ETF Stock Up 0.5%

HLAL traded up $0.34 during trading hours on Thursday, hitting $70.77. 69,109 shares of the company’s stock were exchanged, compared to its average volume of 66,671. Wahed FTSE USA Shariah ETF has a 1-year low of $50.18 and a 1-year high of $70.89. The stock’s 50-day moving average is $63.32 and its two-hundred day moving average is $62.63. The stock has a market cap of $868.35 million, a price-to-earnings ratio of 26.06 and a beta of 1.01.

Wahed FTSE USA Shariah ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Thursday, March 26th were paid a $0.077 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.31 dividend on an annualized basis and a yield of 0.4%.

About Wahed FTSE USA Shariah ETF

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.