Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Sees Significant Growth in Short Interest

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 17,300 shares, a growth of 86.0% from the August 15th total of 9,300 shares. Based on an average daily trading volume, of 27,400 shares, the days-to-cover ratio is currently 0.6 days.

Wahed Dow Jones Islamic World ETF Price Performance

UMMA stock traded down $0.04 during trading on Friday, reaching $24.73. The company had a trading volume of 19,111 shares, compared to its average volume of 26,062. Wahed Dow Jones Islamic World ETF has a 52 week low of $19.18 and a 52 week high of $26.29. The business has a 50 day moving average of $24.79 and a 200 day moving average of $24.40. The company has a market cap of $101.39 million, a P/E ratio of 20.60 and a beta of 1.03.

Wahed Dow Jones Islamic World ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a dividend of $0.005 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.02 dividend on an annualized basis and a yield of 0.08%.

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.