Short Interest in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Grows By 65.1%

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 107,159 shares, a growth of 65.1% from the June 30th total of 64,895 shares. Based on an average daily volume of 58,629 shares, the short-interest ratio is presently 1.8 days. Approximately 0.8% of the shares of the company are sold short.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

An institutional investor recently raised its position in Wahed FTSE USA Shariah ETF stock. Murphy & Mullick Capital Management Corp boosted its holdings in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 13.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,700 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Murphy & Mullick Capital Management Corp’s holdings in Wahed FTSE USA Shariah ETF were worth $101,000 at the end of the most recent quarter.

Wahed FTSE USA Shariah ETF Trading Up 0.1%

Shares of NASDAQ HLAL traded up $0.08 during trading hours on Friday, reaching $69.90. The stock had a trading volume of 45,030 shares, compared to its average volume of 64,306. The firm has a market cap of $912.20 million, a price-to-earnings ratio of 26.06 and a beta of 1.02. Wahed FTSE USA Shariah ETF has a fifty-two week low of $53.92 and a fifty-two week high of $73.83. The firm has a 50-day moving average of $71.00 and a 200-day moving average of $66.16.

Wahed FTSE USA Shariah ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 25th were given a dividend of $0.019 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.08 annualized dividend and a yield of 0.1%.

About Wahed FTSE USA Shariah ETF

The Wahed FTSE USA Shariah ETF (HLAL) is an exchange-traded fund that is based on the FTSE USA Shariah index, a principles-selected, market-cap-weighted index of US equities. HLAL was launched on Jul 16, 2019 and is managed by Wahed.