Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Sees Significant Increase in Short Interest

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 96,935 shares, a growth of 210.0% from the January 15th total of 31,266 shares. Based on an average trading volume of 49,303 shares, the short-interest ratio is presently 2.0 days. Currently, 1.5% of the company’s shares are short sold. Currently, 1.5% of the company’s shares are short sold. Based on an average trading volume of 49,303 shares, the short-interest ratio is presently 2.0 days.

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 boosted its holdings in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 44.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,162 shares of the company’s stock after acquiring an additional 7,475 shares during the quarter. Farther Finance Advisors LLC owned 0.38% of Wahed Dow Jones Islamic World ETF worth $715,000 as of its most recent SEC filing.

Wahed Dow Jones Islamic World ETF Trading Up 1.7%

Wahed Dow Jones Islamic World ETF stock opened at $33.78 on Thursday. Wahed Dow Jones Islamic World ETF has a 12-month low of $20.85 and a 12-month high of $33.83. The firm has a 50-day moving average price of $30.64 and a 200-day moving average price of $28.62. The firm has a market capitalization of $214.50 million, a PE ratio of 23.30 and a beta of 0.98.

Wahed Dow Jones Islamic World ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders 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.

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.