Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Short Interest Up 154.5% in February

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 137,700 shares, an increase of 154.5% from the January 31st total of 54,100 shares. Based on an average daily volume of 79,300 shares, the short-interest ratio is presently 1.7 days.

Wahed FTSE USA Shariah ETF Stock Performance

NASDAQ:HLAL traded up $0.73 during mid-day trading on Friday, reaching $52.15. The stock had a trading volume of 38,789 shares, compared to its average volume of 89,025. The firm has a market capitalization of $578.87 million, a price-to-earnings ratio of 28.21 and a beta of 1.05. Wahed FTSE USA Shariah ETF has a twelve month low of $45.80 and a twelve month high of $55.15. The business has a 50 day simple moving average of $53.41 and a 200 day simple moving average of $52.47.

Wahed FTSE USA Shariah ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, December 24th were given a $0.0829 dividend. The ex-dividend date of this dividend was Tuesday, December 24th.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

Hedge funds have recently added to or reduced their stakes in the company. United Capital Financial Advisors LLC lifted its position in Wahed FTSE USA Shariah ETF by 10.4% in the fourth quarter. United Capital Financial Advisors LLC now owns 4,969 shares of the company’s stock valued at $262,000 after purchasing an additional 470 shares during the period. Valeo Financial Advisors LLC lifted its position in Wahed FTSE USA Shariah ETF by 2.8% in the fourth quarter. Valeo Financial Advisors LLC now owns 10,639 shares of the company’s stock valued at $561,000 after purchasing an additional 288 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Wahed FTSE USA Shariah ETF by 13.8% in the third quarter. Farther Finance Advisors LLC now owns 39,182 shares of the company’s stock valued at $2,050,000 after purchasing an additional 4,750 shares during the period.

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.