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

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 32,459 shares, a growth of 101.9% from the May 14th total of 16,074 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 42,046 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC grew its position in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 44.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,162 shares of the company’s stock after purchasing an additional 7,475 shares during the period. Farther Finance Advisors LLC owned approximately 0.38% of Wahed Dow Jones Islamic World ETF worth $715,000 at the end of the most recent quarter.

Wahed Dow Jones Islamic World ETF Price Performance

Shares of UMMA stock opened at $38.34 on Friday. The company’s fifty day simple moving average is $35.37 and its two-hundred day simple moving average is $32.57. Wahed Dow Jones Islamic World ETF has a 1 year low of $25.27 and a 1 year high of $39.64. The stock has a market capitalization of $270.30 million, a price-to-earnings ratio of 23.30 and a beta of 1.04.

Wahed Dow Jones Islamic World ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Thursday, March 26th were given a dividend of $0.12 per share. This is an increase from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.00. The ex-dividend date was Thursday, March 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.3%.

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.