Short Interest in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Increases By 30.4%

Wahed FTSE USA Shariah ETF (NASDAQ:HLALGet 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

Several hedge funds have recently modified their holdings of HLAL. Strategic Blueprint LLC acquired a new position in Wahed FTSE USA Shariah ETF in the 4th quarter valued at $201,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Wahed FTSE USA Shariah ETF in the 4th quarter worth $93,000. Finally, Farther Finance Advisors LLC boosted 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 valued at $2,118,000 after acquiring an additional 605 shares in the last quarter.

Wahed FTSE USA Shariah ETF Company Profile

(Get Free Report)

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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