Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Short Interest Up 120.8% in January

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 144,507 shares, an increase of 120.8% from the December 31st total of 65,445 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 60,649 shares, the short-interest ratio is currently 2.4 days. Based on an average daily trading volume, of 60,649 shares, the short-interest ratio is currently 2.4 days. Approximately 1.2% of the shares of the company are short sold.

Wahed FTSE USA Shariah ETF Trading Down 0.2%

NASDAQ HLAL traded down $0.15 during trading on Friday, reaching $63.43. The company’s stock had a trading volume of 6,009 shares, compared to its average volume of 60,509. Wahed FTSE USA Shariah ETF has a 12 month low of $42.10 and a 12 month high of $64.19. The firm has a 50 day moving average price of $62.47 and a 200 day moving average price of $59.56. The firm has a market capitalization of $745.35 million, a price-to-earnings ratio of 26.06 and a beta of 1.00.

Wahed FTSE USA Shariah ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were paid a $0.0772 dividend. This represents a $0.31 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, December 24th.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

A hedge fund recently raised its stake in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC lifted its position in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 1.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,695 shares of the company’s stock after purchasing an additional 605 shares during the period. Farther Finance Advisors LLC owned 0.30% of Wahed FTSE USA Shariah ETF worth $2,118,000 as of its most recent SEC filing.

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.