Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Update

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) saw 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. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 49,066 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 49,066 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.5% of the shares of the company are sold short.

Wahed Dow Jones Islamic World ETF Price Performance

Shares of UMMA traded down $0.38 during midday trading on Friday, hitting $32.05. 19,195 shares of the company traded hands, compared to its average volume of 48,665. The stock has a 50-day moving average of $29.89 and a 200-day moving average of $28.25. The firm has a market cap of $203.49 million, a P/E ratio of 23.30 and a beta of 0.98. Wahed Dow Jones Islamic World ETF has a one year low of $20.85 and a one year high of $32.60.

Wahed Dow Jones Islamic World ETF Cuts Dividend

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

Hedge Funds Weigh In On 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 lifted its stake in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 10.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,687 shares of the company’s stock after buying an additional 1,617 shares during the period. Farther Finance Advisors LLC owned approximately 0.29% of Wahed Dow Jones Islamic World ETF worth $460,000 as of its most recent SEC filing.

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.