Short Interest in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Increases By 142.5%

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 21,100 shares, a growth of 142.5% from the February 29th total of 8,700 shares. Based on an average daily trading volume, of 61,500 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Wahed FTSE USA Shariah ETF

A hedge fund recently bought a new stake in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC bought a new position in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 8,650 shares of the company’s stock, valued at approximately $370,000. Farther Finance Advisors LLC owned about 0.18% of Wahed FTSE USA Shariah ETF as of its most recent SEC filing.

Wahed FTSE USA Shariah ETF Stock Performance

Wahed FTSE USA Shariah ETF stock traded down $0.02 during midday trading on Thursday, hitting $48.46. 36,177 shares of the company’s stock were exchanged, compared to its average volume of 61,783. The stock has a 50-day moving average price of $47.19 and a two-hundred day moving average price of $44.62. Wahed FTSE USA Shariah ETF has a 52-week low of $37.91 and a 52-week high of $48.72. The company has a market cap of $227.76 million, a P/E ratio of 19.19 and a beta of 1.05.

Wahed FTSE USA Shariah ETF Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Thursday, March 28th will be paid a $0.0313 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.13 annualized dividend and a yield of 0.26%.

Wahed FTSE USA Shariah ETF Company Profile

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.