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

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 50,081 shares, a drop of 79.1% from the February 12th total of 239,141 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 48,819 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 48,819 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.8% of the company’s shares are short sold.

Institutional Investors Weigh In On Wahed Dow Jones Islamic World ETF

An institutional investor recently raised its position in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC grew its holdings in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 10.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 16,687 shares of the company’s stock after acquiring an additional 1,617 shares during the period. Farther Finance Advisors LLC owned about 0.29% of Wahed Dow Jones Islamic World ETF worth $460,000 as of its most recent SEC filing.

Wahed Dow Jones Islamic World ETF Stock Down 0.4%

Shares of UMMA stock traded down $0.12 during mid-day trading on Tuesday, reaching $32.09. 59,091 shares of the stock traded hands, compared to its average volume of 54,315. The company has a market cap of $203.77 million, a price-to-earnings ratio of 23.30 and a beta of 0.98. The stock’s fifty day simple moving average is $32.30 and its two-hundred day simple moving average is $29.60. Wahed Dow Jones Islamic World ETF has a 1-year low of $20.85 and a 1-year high of $34.98.

Wahed Dow Jones Islamic World ETF Cuts Dividend

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

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.