Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Stock Short Interest Report for October

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the recipient of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 10,282 shares, a drop of 91.6% from the October 15th total of 122,789 shares. Based on an average trading volume of 54,782 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Wahed Dow Jones Islamic World ETF

Several large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its position in Wahed Dow Jones Islamic World ETF by 17.1% in the third quarter. Farther Finance Advisors LLC now owns 30,547 shares of the company’s stock worth $1,124,000 after buying an additional 4,452 shares during the last quarter. Valeo Financial Advisors LLC increased its position in Wahed Dow Jones Islamic World ETF by 7.9% during the third quarter. Valeo Financial Advisors LLC now owns 9,175 shares of the company’s stock valued at $338,000 after acquiring an additional 673 shares during the last quarter. Finally, Parallel Advisors LLC purchased a new stake in shares of Wahed Dow Jones Islamic World ETF in the third quarter valued at $88,000.

Wahed Dow Jones Islamic World ETF Trading Down 1.0%

UMMA opened at $34.50 on Wednesday. The stock has a 50-day moving average of $36.30 and a 200 day moving average of $35.43. Wahed Dow Jones Islamic World ETF has a 12 month low of $27.26 and a 12 month high of $41.53. The firm has a market cap of $294.98 million, a P/E ratio of 17.11 and a beta of 1.05.

Wahed Dow Jones Islamic World ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Thursday, September 24th were paid a $0.1510 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.8%. 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.