Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Short Interest Up 120.8% in January

Wahed FTSE USA Shariah ETF (NASDAQ:HLALGet Free Report) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 144,507 shares, a growth of 120.8% from the December 31st total of 65,445 shares. Based on an average daily trading volume, of 60,649 shares, the short-interest ratio is presently 2.4 days. Approximately 1.2% of the company’s shares are sold short. Approximately 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 60,649 shares, the short-interest ratio is presently 2.4 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC grew its stake in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLALFree Report) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,695 shares of the company’s stock after acquiring an additional 605 shares during the quarter. Farther Finance Advisors LLC owned about 0.30% of Wahed FTSE USA Shariah ETF worth $2,118,000 as of its most recent SEC filing.

Wahed FTSE USA Shariah ETF Stock Down 0.2%

Shares of NASDAQ:HLAL traded down $0.15 during trading on Friday, hitting $63.43. The stock had a trading volume of 6,009 shares, compared to its average volume of 60,509. The company has a market capitalization of $745.35 million, a PE ratio of 26.06 and a beta of 1.00. The firm’s fifty day moving average is $62.47 and its 200 day moving average is $59.56. Wahed FTSE USA Shariah ETF has a 12 month low of $42.10 and a 12 month high of $64.19.

Wahed FTSE USA Shariah ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were issued a dividend of $0.0772 per share. This represents a $0.31 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, December 24th.

Wahed FTSE USA Shariah ETF Company Profile

(Get Free Report)

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.

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