Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Stock Short Interest Rises 66.4%

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 123,626 shares, a growth of 66.4% from the August 31st total of 74,277 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 53,680 shares, the short-interest ratio is currently 2.3 days.

Hedge Funds Weigh In On Wahed FTSE USA Shariah ETF

An institutional investor recently raised its position in Wahed FTSE USA Shariah ETF stock. Murphy & Mullick Capital Management Corp increased its position in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 13.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,700 shares of the company’s stock after buying an additional 200 shares during the period. Murphy & Mullick Capital Management Corp’s holdings in Wahed FTSE USA Shariah ETF were worth $101,000 as of its most recent filing with the SEC.

Wahed FTSE USA Shariah ETF Price Performance

HLAL stock traded down $0.14 during trading on Thursday, hitting $74.67. 23,542 shares of the company traded hands, compared to its average volume of 62,506. The stock’s 50-day simple moving average is $72.62 and its 200 day simple moving average is $69.36. The company has a market cap of $974.44 million, a PE ratio of 26.06 and a beta of 1.03. Wahed FTSE USA Shariah ETF has a 1 year low of $57.22 and a 1 year high of $75.64.

Wahed FTSE USA Shariah ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.0960 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, September 24th. This is a positive change from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.0190.

About Wahed FTSE USA Shariah ETF

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.