Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Up 127.4% in November

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 35,700 shares, an increase of 127.4% from the October 31st total of 15,700 shares. Based on an average daily volume of 25,400 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC grew its position in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 48.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,617 shares of the company’s stock after buying an additional 3,488 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.24% of Wahed Dow Jones Islamic World ETF worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

Wahed Dow Jones Islamic World ETF Stock Performance

Shares of NASDAQ:UMMA traded up $0.29 during trading on Friday, hitting $24.40. 17,505 shares of the stock were exchanged, compared to its average volume of 25,992. The company has a market capitalization of $109.80 million, a price-to-earnings ratio of 20.60 and a beta of 1.03. Wahed Dow Jones Islamic World ETF has a 1-year low of $21.50 and a 1-year high of $26.44. The company’s fifty day simple moving average is $24.88 and its 200-day simple moving average is $24.83.

Wahed Dow Jones Islamic World ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 26th were given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Thursday, September 26th. This is an increase from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.01.

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.