Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Up 146.7% in February

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMAGet Free Report) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 239,141 shares, a growth of 146.7% from the January 29th total of 96,935 shares. Based on an average daily volume of 46,337 shares, the days-to-cover ratio is currently 5.2 days. Currently, 3.8% of the company’s shares are sold short. Currently, 3.8% of the company’s shares are sold short. Based on an average daily volume of 46,337 shares, the days-to-cover ratio is currently 5.2 days.

Institutional Trading of Wahed Dow Jones Islamic World ETF

An institutional investor recently raised its position in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC raised its stake in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMAFree Report) by 10.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,687 shares of the company’s stock after acquiring an additional 1,617 shares during the period. Farther Finance Advisors LLC owned 0.29% of Wahed Dow Jones Islamic World ETF worth $460,000 as of its most recent SEC filing.

Wahed Dow Jones Islamic World ETF Stock Performance

Shares of NASDAQ:UMMA opened at $34.66 on Friday. The business’s 50-day simple moving average is $31.84 and its 200 day simple moving average is $29.28. The company has a market cap of $220.09 million, a P/E ratio of 23.30 and a beta of 0.98. Wahed Dow Jones Islamic World ETF has a one year low of $20.85 and a one year high of $34.98.

Wahed Dow Jones Islamic World ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were issued a dividend of $0.0044 per share. This represents a $0.02 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, December 24th.

Wahed Dow Jones Islamic World ETF Company Profile

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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. UMMA was launched on Jan 7, 2022 and is managed by Wahed.

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