Wahed FTSE USA Shariah ETF (NASDAQ:HLAL – Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 104,564 shares, an increase of 30.4% from the February 12th total of 80,195 shares. Based on an average daily trading volume, of 51,533 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.9% of the shares of the company are short sold. Currently, 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 51,533 shares, the days-to-cover ratio is currently 2.0 days.
Wahed FTSE USA Shariah ETF Stock Up 1.1%
HLAL traded up $0.69 on Monday, hitting $61.10. 60,781 shares of the company traded hands, compared to its average volume of 74,268. Wahed FTSE USA Shariah ETF has a 12-month low of $42.10 and a 12-month high of $64.19. The company has a 50 day moving average of $62.66 and a 200-day moving average of $61.22. The stock has a market capitalization of $717.93 million, a PE ratio of 26.06 and a beta of 1.00.
Wahed FTSE USA Shariah ETF Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were issued a $0.0772 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 0.5%.
Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF
Wahed FTSE USA Shariah ETF Company Profile
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.
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