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

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 11,700 shares, a decrease of 71.7% from the December 15th total of 41,400 shares. Based on an average daily volume of 30,200 shares, the short-interest ratio is presently 0.4 days.

Wahed Dow Jones Islamic World ETF Price Performance

Shares of NASDAQ UMMA traded down $0.36 during midday trading on Monday, hitting $23.60. The company’s stock had a trading volume of 37,133 shares, compared to its average volume of 55,905. The firm has a market capitalization of $116.82 million, a price-to-earnings ratio of 20.60 and a beta of 1.03. The business’s fifty day simple moving average is $24.23 and its two-hundred day simple moving average is $24.71. Wahed Dow Jones Islamic World ETF has a 1 year low of $21.69 and a 1 year high of $26.44.

Wahed Dow Jones Islamic World ETF Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, December 24th were issued a $0.0043 dividend. The ex-dividend date of this dividend was Tuesday, December 24th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC boosted its position in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 48.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,617 shares of the company’s stock after acquiring an additional 3,488 shares during the quarter. Farther Finance Advisors LLC owned 0.24% of Wahed Dow Jones Islamic World ETF worth $271,000 at the end of the most recent quarter.

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.