Short Interest in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Increases By 146.7%

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) saw a large growth in short interest in February. As of February 13th, there was short interest totaling 239,141 shares, a growth of 146.7% from the January 29th total of 96,935 shares. Approximately 3.8% of the company’s stock are short sold. Based on an average daily volume of 46,337 shares, the days-to-cover ratio is currently 5.2 days. Based on an average daily volume of 46,337 shares, the days-to-cover ratio is currently 5.2 days. Approximately 3.8% of the company’s stock are short sold.

Wahed Dow Jones Islamic World ETF Price Performance

NASDAQ UMMA opened at $34.60 on Friday. Wahed Dow Jones Islamic World ETF has a 1 year low of $20.85 and a 1 year high of $34.98. The company has a fifty day moving average price of $31.73 and a 200-day moving average price of $29.20. The firm has a market cap of $219.71 million, a price-to-earnings ratio of 23.30 and a beta of 0.98.

Wahed Dow Jones Islamic World ETF Cuts Dividend

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

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 raised its holdings in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 10.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,687 shares of the company’s stock after purchasing an additional 1,617 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.29% of Wahed Dow Jones Islamic World ETF worth $460,000 as of its most recent filing with the Securities & Exchange Commission.

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. UMMA was launched on Jan 7, 2022 and is managed by Wahed.