Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sees Large Growth in Short Interest

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) saw a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 80,195 shares, a growth of 27.8% from the January 29th total of 62,763 shares. Based on an average daily trading volume, of 118,622 shares, the short-interest ratio is presently 0.7 days. Approximately 0.7% of the shares of the company are sold short. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 118,622 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in HLAL. Murphy & Mullick Capital Management Corp bought a new stake in Wahed FTSE USA Shariah ETF in the 4th quarter worth approximately $93,000. Strategic Blueprint LLC purchased a new position in shares of Wahed FTSE USA Shariah ETF in the 4th quarter worth $201,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Wahed FTSE USA Shariah ETF by 1.7% in the third quarter. Farther Finance Advisors LLC now owns 35,695 shares of the company’s stock worth $2,118,000 after acquiring an additional 605 shares during the period.

Wahed FTSE USA Shariah ETF Trading Up 0.5%

NASDAQ:HLAL traded up $0.29 during mid-day trading on Wednesday, reaching $62.46. The company’s stock had a trading volume of 95,178 shares, compared to its average volume of 77,026. The stock has a market cap of $733.91 million, a P/E ratio of 26.06 and a beta of 1.00. The firm’s fifty day moving average price is $62.82 and its two-hundred day moving average price is $60.91. Wahed FTSE USA Shariah ETF has a 12-month low of $42.10 and a 12-month high of $64.19.

Wahed FTSE USA Shariah ETF Cuts Dividend

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

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.