Short Interest in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Increases By 22.2%

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 14,300 shares, an increase of 22.2% from the December 31st total of 11,700 shares. Based on an average daily volume of 30,600 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors 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 raised its stake in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 48.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,617 shares of the company’s stock after purchasing an additional 3,488 shares during the period. Farther Finance Advisors LLC owned 0.24% of Wahed Dow Jones Islamic World ETF worth $271,000 at the end of the most recent reporting period.

Wahed Dow Jones Islamic World ETF Trading Down 0.6 %

Shares of UMMA traded down $0.16 during trading hours on Friday, reaching $24.90. The company had a trading volume of 17,561 shares, compared to its average volume of 36,113. Wahed Dow Jones Islamic World ETF has a 12-month low of $22.02 and a 12-month high of $26.44. The company has a market capitalization of $123.26 million, a price-to-earnings ratio of 20.60 and a beta of 1.03. The firm has a 50 day simple moving average of $24.32 and a 200-day simple moving average of $24.66.

Wahed Dow Jones Islamic World ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, December 24th were given a dividend of $0.0043 per share. The ex-dividend date was Tuesday, 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.