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

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 16,074 shares, a drop of 43.6% from the April 30th total of 28,493 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 41,517 shares, the days-to-cover ratio is presently 0.4 days.

Wahed Dow Jones Islamic World ETF Trading Down 0.4%

NASDAQ:UMMA traded down $0.16 on Thursday, reaching $38.91. 29,097 shares of the stock traded hands, compared to its average volume of 49,897. The company has a market capitalization of $274.32 million, a price-to-earnings ratio of 23.30 and a beta of 1.04. Wahed Dow Jones Islamic World ETF has a 12 month low of $25.27 and a 12 month high of $39.38. The company’s fifty day simple moving average is $34.37 and its 200 day simple moving average is $32.12.

Wahed Dow Jones Islamic World ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Thursday, March 26th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.2%. This is a boost from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Investors 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 raised its position in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 44.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,162 shares of the company’s stock after acquiring an additional 7,475 shares during the quarter. 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 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.