Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Down 45.9% in December

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 25,909 shares, a decrease of 45.9% from the November 30th total of 47,883 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 22,247 shares, the days-to-cover ratio is presently 1.2 days. Based on an average trading volume of 22,247 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.4% of the company’s stock are short sold.

Wahed Dow Jones Islamic World ETF Stock Performance

Shares of NASDAQ UMMA opened at $29.74 on Friday. The stock’s 50-day simple moving average is $28.62 and its 200-day simple moving average is $27.45. The firm has a market capitalization of $175.47 million, a PE ratio of 23.30 and a beta of 0.98. Wahed Dow Jones Islamic World ETF has a fifty-two week low of $20.85 and a fifty-two week high of $29.79.

Wahed Dow Jones Islamic World ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were given a dividend of $0.0044 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Wednesday, December 24th.

Institutional Investors Weigh In On Wahed Dow Jones Islamic World ETF

An institutional investor recently raised its position in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC boosted its stake in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 6.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,070 shares of the company’s stock after acquiring an additional 967 shares during the period. Farther Finance Advisors LLC owned about 0.29% of Wahed Dow Jones Islamic World ETF worth $401,000 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. UMMA was launched on Jan 7, 2022 and is managed by Wahed.