Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Short Interest Update

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 144,507 shares, an increase of 120.8% from the December 31st total of 65,445 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average daily volume of 60,649 shares, the days-to-cover ratio is currently 2.4 days. Based on an average daily volume of 60,649 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.2% of the shares of the stock are short sold.

Wahed FTSE USA Shariah ETF Stock Performance

Wahed FTSE USA Shariah ETF stock opened at $63.21 on Friday. Wahed FTSE USA Shariah ETF has a fifty-two week low of $42.10 and a fifty-two week high of $64.19. The firm has a market capitalization of $742.72 million, a price-to-earnings ratio of 26.06 and a beta of 1.00. The stock’s fifty day moving average is $62.54 and its two-hundred day moving average is $59.67.

Wahed FTSE USA Shariah ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were paid a $0.0772 dividend. This represents a $0.31 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, December 24th.

Hedge Funds Weigh In On Wahed FTSE USA Shariah ETF

A hedge fund recently raised its stake in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC grew its stake in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,695 shares of the company’s stock after acquiring an additional 605 shares during the quarter. Farther Finance Advisors LLC owned about 0.30% of Wahed FTSE USA Shariah ETF worth $2,118,000 at the end of the most recent quarter.

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.