Short Interest in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Declines By 18.7%

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 7,400 shares, a decrease of 18.7% from the February 13th total of 9,100 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 32,700 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC increased its position in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,242 shares of the company’s stock after purchasing an additional 625 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.23% of Wahed Dow Jones Islamic World ETF worth $266,000 at the end of the most recent quarter.

Wahed Dow Jones Islamic World ETF Trading Down 0.5 %

UMMA opened at $24.95 on Wednesday. Wahed Dow Jones Islamic World ETF has a 1-year low of $22.02 and a 1-year high of $26.44. The stock has a market capitalization of $123.50 million, a price-to-earnings ratio of 25.03 and a beta of 1.03. The business has a 50 day moving average of $24.86 and a 200-day moving average of $24.74.

Wahed Dow Jones Islamic World ETF Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, December 24th were given a $0.0043 dividend. The ex-dividend date of this dividend was Tuesday, December 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.