Short Interest in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Drops By 33.6%

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 9,500 shares, a decrease of 33.6% from the January 15th total of 14,300 shares. Based on an average daily volume of 32,000 shares, the short-interest ratio is presently 0.3 days.

Wahed Dow Jones Islamic World ETF Price Performance

Shares of NASDAQ UMMA opened at $25.49 on Friday. The stock has a market capitalization of $126.18 million, a price-to-earnings ratio of 20.60 and a beta of 1.03. The firm’s 50 day simple moving average is $24.46 and its 200-day simple moving average is $24.68. Wahed Dow Jones Islamic World ETF has a 12 month low of $22.02 and a 12 month high of $26.44.

Wahed Dow Jones Islamic World ETF Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, December 24th were given a dividend of $0.0043 per share. The ex-dividend date 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 lifted its holdings in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,242 shares of the company’s stock after purchasing an additional 625 shares during the period. Farther Finance Advisors LLC owned about 0.23% of Wahed Dow Jones Islamic World ETF worth $266,000 as of its most recent filing with the Securities & Exchange Commission.

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.