Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Down 73.0% in July

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 18,524 shares, a decrease of 73.0% from the June 30th total of 68,602 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 59,832 shares, the short-interest ratio is presently 0.3 days.

Wahed Dow Jones Islamic World ETF Stock Performance

Shares of Wahed Dow Jones Islamic World ETF stock traded down $0.50 during trading hours on Friday, hitting $35.64. The company’s stock had a trading volume of 24,434 shares, compared to its average volume of 50,408. The stock has a market cap of $277.99 million, a price-to-earnings ratio of 23.30 and a beta of 1.03. Wahed Dow Jones Islamic World ETF has a twelve month low of $25.45 and a twelve month high of $41.53. The firm has a fifty day moving average of $37.70 and a 200-day moving average of $34.44.

Wahed Dow Jones Islamic World ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 25th were given a $0.004 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.0%.

Institutional Investors Weigh In On Wahed Dow Jones Islamic World ETF

A hedge fund recently raised its position in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC raised its position in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 44.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,162 shares of the company’s stock after purchasing an additional 7,475 shares during the period. Farther Finance Advisors LLC owned about 0.38% of Wahed Dow Jones Islamic World ETF worth $715,000 at the end of the most recent reporting period.

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.