Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Down 43.6% in May

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 16,074 shares, a decrease of 43.6% from the April 30th total of 28,493 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 41,517 shares, the short-interest ratio is presently 0.4 days.

Wahed Dow Jones Islamic World ETF Price Performance

Shares of UMMA stock traded down $0.41 during trading hours on Wednesday, reaching $38.97. 31,997 shares of the stock were exchanged, compared to its average volume of 50,010. The business’s fifty day moving average is $34.03 and its two-hundred day moving average is $31.97. The firm has a market capitalization of $274.74 million, a P/E ratio of 23.30 and a beta of 1.04. Wahed Dow Jones Islamic World ETF has a 12-month low of $25.27 and a 12-month high of $39.38.

Wahed Dow Jones Islamic World ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Thursday, March 26th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.2%. This is a boost from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC lifted its stake in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 44.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,162 shares of the company’s stock after purchasing an additional 7,475 shares during the quarter. 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 quarter.

About Wahed Dow Jones Islamic World ETF

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.