Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Update

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) saw a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 50,081 shares, a decline of 79.1% from the February 12th total of 239,141 shares. Based on an average daily volume of 48,819 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.8% of the company’s shares are short sold. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 48,819 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On Wahed Dow Jones Islamic World ETF

A hedge fund recently raised its stake in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC increased its stake in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 10.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,687 shares of the company’s stock after acquiring an additional 1,617 shares during the quarter. Farther Finance Advisors LLC owned about 0.29% of Wahed Dow Jones Islamic World ETF worth $460,000 at the end of the most recent reporting period.

Wahed Dow Jones Islamic World ETF Price Performance

NASDAQ UMMA traded down $0.12 on Tuesday, reaching $32.09. The company had a trading volume of 59,091 shares, compared to its average volume of 54,315. The firm has a market cap of $203.77 million, a price-to-earnings ratio of 23.30 and a beta of 0.98. Wahed Dow Jones Islamic World ETF has a fifty-two week low of $20.85 and a fifty-two week high of $34.98. The business has a 50 day moving average of $32.30 and a two-hundred day moving average of $29.60.

Wahed Dow Jones Islamic World ETF Cuts Dividend

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

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