Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Down 51.7% in January

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 31,266 shares, a decline of 51.7% from the December 31st total of 64,716 shares. Based on an average trading volume of 49,066 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.5% of the company’s stock are short sold. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 49,066 shares, the days-to-cover ratio is presently 0.6 days.

Wahed Dow Jones Islamic World ETF Stock Down 1.5%

NASDAQ:UMMA opened at $31.93 on Friday. The stock has a market cap of $202.76 million, a price-to-earnings ratio of 23.30 and a beta of 0.98. The company’s 50 day moving average price is $29.97 and its 200-day moving average price is $28.29. Wahed Dow Jones Islamic World ETF has a 52 week low of $20.85 and a 52 week high of $32.60.

Wahed Dow Jones Islamic World ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were given a $0.0044 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, December 24th.

Institutional Trading of 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 increased its holdings in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 10.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,687 shares of the company’s stock after buying an additional 1,617 shares during the quarter. Farther Finance Advisors LLC owned 0.29% of Wahed Dow Jones Islamic World ETF worth $460,000 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.