Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sees Significant Decrease in Short Interest

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 71,746 shares, a drop of 38.2% from the April 30th total of 116,168 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 74,192 shares, the short-interest ratio is presently 1.0 days.

Wahed FTSE USA Shariah ETF Stock Performance

HLAL opened at $73.14 on Wednesday. The firm’s fifty day moving average is $65.72 and its two-hundred day moving average is $63.47. The firm has a market cap of $897.43 million, a PE ratio of 26.06 and a beta of 1.01. Wahed FTSE USA Shariah ETF has a twelve month low of $51.08 and a twelve month high of $73.60.

Wahed FTSE USA Shariah ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Thursday, March 26th were issued a $0.077 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.31 annualized dividend and a yield of 0.4%.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

An institutional investor recently raised its position in Wahed FTSE USA Shariah ETF stock. Murphy & Mullick Capital Management Corp increased its stake in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 13.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,700 shares of the company’s stock after acquiring an additional 200 shares during the period. Murphy & Mullick Capital Management Corp’s holdings in Wahed FTSE USA Shariah ETF were worth $101,000 as of its most recent SEC filing.

Wahed FTSE USA Shariah ETF Company Profile

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.