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

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 175,185 shares, a growth of 54.4% from the September 15th total of 113,451 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 43,541 shares, the days-to-cover ratio is presently 4.0 days.

Institutional Investors 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 bought a new position in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 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 at the end of the most recent reporting period.

Wahed Dow Jones Islamic World ETF Trading Down 1.3%

Shares of Wahed Dow Jones Islamic World ETF stock traded down $0.46 during trading on Friday, hitting $35.21. 33,748 shares of the stock traded hands, compared to its average volume of 50,897. The firm has a market cap of $292.21 million, a P/E ratio of 23.30 and a beta of 1.05. Wahed Dow Jones Islamic World ETF has a 52-week low of $27.26 and a 52-week high of $41.53. The stock’s fifty day simple moving average is $37.11 and its 200 day simple moving average is $36.45.

Wahed Dow Jones Islamic World ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.1510 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, September 24th. This is a positive change from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.0040.

About Wahed Dow Jones Islamic World ETF

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.