Short Interest in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Drops By 56.6%

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 62,763 shares, a decline of 56.6% from the January 15th total of 144,507 shares. Based on an average trading volume of 67,906 shares, the short-interest ratio is currently 0.9 days. Approximately 0.5% of the company’s stock are short sold. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 67,906 shares, the short-interest ratio is currently 0.9 days.

Wahed FTSE USA Shariah ETF Trading Down 1.8%

HLAL traded down $1.13 during midday trading on Thursday, reaching $62.33. The company’s stock had a trading volume of 78,894 shares, compared to its average volume of 83,038. Wahed FTSE USA Shariah ETF has a 1 year low of $42.10 and a 1 year high of $64.19. The stock’s 50-day moving average is $62.74 and its 200-day moving average is $60.17. The firm has a market capitalization of $732.38 million, a price-to-earnings ratio of 26.06 and a beta of 1.00.

Wahed FTSE USA Shariah ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a dividend of $0.0772 per share. This represents a $0.31 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, December 24th.

Hedge Funds Weigh In On Wahed FTSE USA Shariah ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Strategic Blueprint LLC purchased a new position in shares of Wahed FTSE USA Shariah ETF in the 4th quarter worth about $201,000. Murphy & Mullick Capital Management Corp bought a new stake in Wahed FTSE USA Shariah ETF during the 4th quarter valued at about $93,000. Finally, Farther Finance Advisors LLC increased its stake in Wahed FTSE USA Shariah ETF by 1.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 35,695 shares of the company’s stock valued at $2,118,000 after purchasing an additional 605 shares in the last quarter.

About Wahed FTSE USA Shariah ETF

The Wahed FTSE USA Shariah ETF (HLAL) is an exchange-traded fund that is based on the FTSE USA Shariah index, a principles-selected, market-cap-weighted index of US equities. HLAL was launched on Jul 16, 2019 and is managed by Wahed.