Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Sees Significant Increase in Short Interest

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 126,669 shares, an increase of 152.9% from the February 26th total of 50,081 shares. Based on an average daily trading volume, of 69,151 shares, the short-interest ratio is currently 1.8 days. Currently, 2.0% of the shares of the company are sold short. Currently, 2.0% of the shares of the company are sold short. Based on an average daily trading volume, of 69,151 shares, the short-interest ratio is currently 1.8 days.

Wahed Dow Jones Islamic World ETF Stock Down 0.2%

Shares of UMMA stock opened at $30.85 on Wednesday. The firm has a 50 day moving average price of $32.41 and a two-hundred day moving average price of $29.95. The company has a market capitalization of $195.90 million, a PE ratio of 23.30 and a beta of 0.98. Wahed Dow Jones Islamic World ETF has a 12-month low of $20.85 and a 12-month high of $34.98.

Institutional Trading of Wahed Dow Jones Islamic World ETF

An institutional investor recently raised its position in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC boosted its position in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 10.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,687 shares of the company’s stock after purchasing an additional 1,617 shares during the quarter. Farther Finance Advisors LLC owned about 0.29% of Wahed Dow Jones Islamic World ETF worth $460,000 at the end of the most recent reporting period.

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.