Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Sees Large Growth in Short Interest

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 113,451 shares, an increase of 602.2% from the August 31st total of 16,156 shares. Based on an average daily trading volume, of 40,755 shares, the short-interest ratio is currently 2.8 days. Approximately 1.4% of the company’s shares are sold short.

Institutional Trading of Wahed Dow Jones Islamic World ETF

A hedge fund recently bought a new stake in Wahed Dow Jones Islamic World ETF stock. Valeo Financial Advisors LLC purchased a new stake in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 8,502 shares of the company’s stock, valued at approximately $336,000. Valeo Financial Advisors LLC owned 0.11% of Wahed Dow Jones Islamic World ETF at the end of the most recent reporting period.

Wahed Dow Jones Islamic World ETF Stock Up 0.8%

NASDAQ UMMA opened at $37.16 on Friday. Wahed Dow Jones Islamic World ETF has a twelve month low of $26.98 and a twelve month high of $41.53. The firm has a market capitalization of $297.28 million, a PE ratio of 23.30 and a beta of 1.04. The stock’s 50 day moving average is $36.91 and its 200 day moving average is $35.86.

Wahed Dow Jones Islamic World ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Thursday, September 24th were given a dividend of $0.1510 per share. This is an increase from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.0040. This represents a $0.60 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, September 24th.

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.