Short Interest in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Declines By 51.7%

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 31,266 shares, a decline of 51.7% from the December 31st total of 64,716 shares. Based on an average daily trading volume, of 49,066 shares, the short-interest ratio is currently 0.6 days. Currently, 0.5% of the shares of the company are sold short. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 49,066 shares, the short-interest ratio is currently 0.6 days.

Wahed Dow Jones Islamic World ETF Stock Up 0.1%

UMMA opened at $32.53 on Thursday. The company’s 50-day moving average price is $29.78 and its 200 day moving average price is $28.22. Wahed Dow Jones Islamic World ETF has a fifty-two week low of $20.85 and a fifty-two week high of $32.60. The firm has a market cap of $206.57 million, a price-to-earnings ratio of 23.30 and a beta of 0.98.

Wahed Dow Jones Islamic World ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were issued a $0.0044 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.02 annualized dividend and a dividend yield of 0.1%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC boosted its stake in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 10.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,687 shares of the company’s stock after buying an additional 1,617 shares during the period. Farther Finance Advisors LLC owned 0.29% of Wahed Dow Jones Islamic World ETF worth $460,000 as of its most recent SEC filing.

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.