Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Down 73.0% in July

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 18,524 shares, a decline of 73.0% from the June 30th total of 68,602 shares. Based on an average daily volume of 59,832 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

Wahed Dow Jones Islamic World ETF Stock Performance

Shares of NASDAQ:UMMA traded down $0.50 during mid-day trading on Friday, hitting $35.64. The stock had a trading volume of 24,434 shares, compared to its average volume of 50,408. The company has a market cap of $277.99 million, a PE ratio of 23.30 and a beta of 1.03. The company’s 50 day moving average is $37.70 and its 200-day moving average is $34.44. Wahed Dow Jones Islamic World ETF has a 12-month low of $25.45 and a 12-month high of $41.53.

Wahed Dow Jones Islamic World ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 25th were paid a $0.004 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.0%.

Hedge Funds Weigh In On Wahed Dow Jones Islamic World ETF

An institutional investor recently bought a new position in Wahed Dow Jones Islamic World ETF stock. Valeo Financial Advisors LLC purchased a new position in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,502 shares of the company’s stock, valued at approximately $336,000. Valeo Financial Advisors LLC owned approximately 0.11% of Wahed Dow Jones Islamic World ETF as of its most recent SEC filing.

Wahed Dow Jones Islamic World ETF Company Profile

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.