Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Shares Down 0.5% – Time to Sell?

Shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) dropped 0.5% on Wednesday . The stock traded as low as $69.25 and last traded at $69.61. 44,887 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 66,725 shares. The stock had previously closed at $69.97.

Wahed FTSE USA Shariah ETF Stock Down 0.8%

The firm has a market cap of $848.96 million, a price-to-earnings ratio of 26.06 and a beta of 1.02. The stock has a fifty day moving average price of $69.62 and a 200-day moving average price of $64.73.

Wahed FTSE USA Shariah ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Thursday, June 25th will be issued a dividend of $0.019 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%.

Hedge Funds Weigh In On Wahed FTSE USA Shariah ETF

A hedge fund recently bought a new position in Wahed FTSE USA Shariah ETF stock. Strategic Blueprint LLC bought a new position in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,242 shares of the company’s stock, valued at approximately $201,000.

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.