Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Down 18.7% in February

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 7,400 shares, a drop of 18.7% from the February 13th total of 9,100 shares. Based on an average daily trading volume, of 32,700 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Wahed Dow Jones Islamic World ETF Price Performance

Shares of UMMA opened at $25.08 on Tuesday. The stock has a market cap of $124.15 million, a price-to-earnings ratio of 25.03 and a beta of 1.03. The company has a 50-day moving average of $24.84 and a two-hundred day moving average of $24.74. Wahed Dow Jones Islamic World ETF has a one year low of $22.02 and a one year high of $26.44.

Wahed Dow Jones Islamic World ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, December 24th were issued a dividend of $0.0043 per share. The ex-dividend date was Tuesday, December 24th.

Institutional Trading of 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 shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,242 shares of the company’s stock after purchasing an additional 625 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.23% of Wahed Dow Jones Islamic World ETF worth $266,000 as of its most recent filing with the SEC.

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.