Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Stock Short Interest Report for October

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the target of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 10,282 shares, a drop of 91.6% from the October 15th total of 122,789 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 54,782 shares, the days-to-cover ratio is presently 0.2 days.

Wahed Dow Jones Islamic World ETF Stock Performance

Shares of Wahed Dow Jones Islamic World ETF stock opened at $35.21 on Thursday. The business has a 50-day simple moving average of $36.27 and a 200-day simple moving average of $35.45. Wahed Dow Jones Islamic World ETF has a one year low of $27.26 and a one year high of $41.53. The company has a market cap of $301.05 million, a PE ratio of 17.11 and a beta of 1.05.

Wahed Dow Jones Islamic World ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Thursday, September 24th were issued a dividend of $0.1510 per share. This is a boost from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.0040. The ex-dividend date was Thursday, September 24th. This represents a $0.60 annualized dividend and a yield of 1.7%.

Institutional Investors Weigh In On Wahed Dow Jones Islamic World ETF

A number of large investors have recently modified their holdings of the company. Valeo Financial Advisors LLC purchased a new stake in shares of Wahed Dow Jones Islamic World ETF during the 2nd quarter worth $336,000. Farther Finance Advisors LLC raised its stake in Wahed Dow Jones Islamic World ETF by 17.1% in the third quarter. Farther Finance Advisors LLC now owns 30,547 shares of the company’s stock valued at $1,124,000 after buying an additional 4,452 shares in the last quarter. Finally, Parallel Advisors LLC acquired a new stake in Wahed Dow Jones Islamic World ETF in the third quarter valued at $88,000.

Wahed Dow Jones Islamic World ETF Company Profile

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.