Short Interest in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Rises By 186.7%

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 53,113 shares, a growth of 186.7% from the July 15th total of 18,524 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily volume of 34,252 shares, the short-interest ratio is currently 1.6 days.

Wahed Dow Jones Islamic World ETF Stock Down 0.6%

Shares of Wahed Dow Jones Islamic World ETF stock opened at $37.67 on Friday. Wahed Dow Jones Islamic World ETF has a 52 week low of $25.82 and a 52 week high of $41.53. The business has a 50 day moving average price of $37.46 and a 200-day moving average price of $35.00. The company has a market cap of $293.83 million, a PE ratio of 23.30 and a beta of 1.04.

Wahed Dow Jones Islamic World ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 25th were given a $0.004 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Thursday, June 25th.

Hedge Funds Weigh In On Wahed Dow Jones Islamic World ETF

A hedge fund recently raised its position in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC grew its position in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 44.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,162 shares of the company’s stock after purchasing an additional 7,475 shares during the period. Farther Finance Advisors LLC owned about 0.38% of Wahed Dow Jones Islamic World ETF worth $715,000 at the end of the most recent reporting period.

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.