Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Stock Short Interest Report for October

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 10,282 shares, a drop of 91.6% from the October 15th total of 122,789 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 54,782 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Wahed Dow Jones Islamic World ETF

Institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in shares of Wahed Dow Jones Islamic World ETF by 17.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 30,547 shares of the company’s stock valued at $1,124,000 after acquiring an additional 4,452 shares during the last quarter. Valeo Financial Advisors LLC increased its position in Wahed Dow Jones Islamic World ETF by 7.9% in the third quarter. Valeo Financial Advisors LLC now owns 9,175 shares of the company’s stock worth $338,000 after purchasing an additional 673 shares during the last quarter. Finally, Parallel Advisors LLC bought a new stake in Wahed Dow Jones Islamic World ETF in the third quarter worth $88,000.

Wahed Dow Jones Islamic World ETF Stock Performance

UMMA stock opened at $34.50 on Wednesday. The company’s fifty day moving average price is $36.30 and its 200-day moving average price is $35.43. Wahed Dow Jones Islamic World ETF has a one year low of $27.26 and a one year high of $41.53. The company has a market capitalization of $294.98 million, a PE ratio of 17.11 and a beta of 1.05.

Wahed Dow Jones Islamic World ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Thursday, September 24th were paid a dividend of $0.1510 per share. The ex-dividend date of this dividend was Thursday, September 24th. This is a boost from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.0040. This represents a $0.60 dividend on an annualized basis and a yield of 1.8%.

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. UMMA was launched on Jan 7, 2022 and is managed by Wahed.