Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Up 149.8% in December

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 64,716 shares, a growth of 149.8% from the December 15th total of 25,909 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 43,209 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 43,209 shares, the short-interest ratio is currently 1.5 days. Currently, 1.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC raised its holdings in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 6.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,070 shares of the company’s stock after purchasing an additional 967 shares during the quarter. Farther Finance Advisors LLC owned 0.29% of Wahed Dow Jones Islamic World ETF worth $401,000 at the end of the most recent reporting period.

Wahed Dow Jones Islamic World ETF Stock Down 0.6%

Shares of NASDAQ UMMA opened at $31.28 on Wednesday. Wahed Dow Jones Islamic World ETF has a 52 week low of $20.85 and a 52 week high of $31.51. The business’s 50 day moving average price is $29.04 and its 200 day moving average price is $27.84. The firm has a market cap of $198.63 million, a P/E ratio of 23.30 and a beta of 0.98.

Wahed Dow Jones Islamic World ETF Cuts Dividend

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

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.