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

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the recipient of a large 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. Based on an average daily volume of 32,700 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On 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 holdings in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 reporting period.

Wahed Dow Jones Islamic World ETF Price Performance

Shares of Wahed Dow Jones Islamic World ETF stock opened at $25.10 on Thursday. Wahed Dow Jones Islamic World ETF has a fifty-two week low of $22.02 and a fifty-two week high of $26.44. The company has a market cap of $124.25 million, a PE ratio of 25.03 and a beta of 1.03. The firm has a fifty day moving average price of $24.87 and a two-hundred day moving average price of $24.74.

Wahed Dow Jones Islamic World ETF Dividend Announcement

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