Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Short Interest Update

Wahed FTSE USA Shariah ETF (NASDAQ:HLALGet Free Report) saw a significant growth in short interest during 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 volume of 60,649 shares, the short-interest ratio is presently 2.4 days. Currently, 1.2% of the company’s stock are short sold. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 60,649 shares, the short-interest ratio is presently 2.4 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Wahed FTSE USA Shariah ETF stock. Strategic Blueprint LLC acquired a new position in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLALFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,242 shares of the company’s stock, valued at approximately $201,000.

Wahed FTSE USA Shariah ETF Stock Performance

Wahed FTSE USA Shariah ETF stock traded down $0.37 during mid-day trading on Friday, reaching $63.21. The company’s stock had a trading volume of 83,895 shares, compared to its average volume of 64,470. The business’s 50 day simple moving average is $62.54 and its 200 day simple moving average is $59.67. The company has a market capitalization of $742.72 million, a price-to-earnings ratio of 26.06 and a beta of 1.00. 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 company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were issued a dividend of $0.0772 per share. This represents a $0.31 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, December 24th.

About Wahed FTSE USA Shariah ETF

(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.

Further Reading

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