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

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. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 32,700 shares, the days-to-cover ratio is presently 0.2 days.

Wahed Dow Jones Islamic World ETF Stock Up 0.6 %

Wahed Dow Jones Islamic World ETF stock opened at $25.10 on Thursday. The company has a 50 day moving average of $24.87 and a 200-day moving average of $24.74. The stock has a market capitalization of $124.25 million, a PE ratio of 25.03 and a beta of 1.03. Wahed Dow Jones Islamic World ETF has a twelve month low of $22.02 and a twelve month high of $26.44.

Wahed Dow Jones Islamic World ETF Announces Dividend

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

Institutional Trading of Wahed Dow Jones Islamic World ETF

A hedge fund recently raised its stake in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC grew its stake in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 5.9% during the 4th quarter, according to its most recent Form 13F filing 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 as of its most recent SEC filing.

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.