Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Update

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMAGet Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 165,100 shares, agrowthof235.6% from the July 15th total of 49,200 shares. Based on an average trading volume of 37,300 shares, the short-interest ratio is presently 4.4 days. Approximately2.8% of the shares of the stock are short sold. Approximately2.8% of the shares of the stock are short sold. Based on an average trading volume of 37,300 shares, the short-interest ratio is presently 4.4 days.

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 boosted its position in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMAFree Report) by 25.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,103 shares of the company’s stock after acquiring an additional 2,861 shares during the period. Farther Finance Advisors LLC owned 0.28% of Wahed Dow Jones Islamic World ETF worth $337,000 at the end of the most recent quarter.

Wahed Dow Jones Islamic World ETF Price Performance

Shares of NASDAQ:UMMA opened at $26.43 on Friday. The business’s fifty day moving average price is $26.36 and its two-hundred day moving average price is $25.20. Wahed Dow Jones Islamic World ETF has a fifty-two week low of $20.85 and a fifty-two week high of $27.21. The stock has a market capitalization of $153.29 million, a price-to-earnings ratio of 23.30 and a beta of 1.03.

Wahed Dow Jones Islamic World ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Wednesday, June 25th were issued a dividend of $0.0083 per share. This represents a $0.03 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Wednesday, June 25th.

About Wahed Dow Jones Islamic World ETF

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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.

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