Short Interest in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Increases By 76.9%

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 41,400 shares, a growth of 76.9% from the November 30th total of 23,400 shares. Based on an average daily trading volume, of 27,000 shares, the short-interest ratio is currently 1.5 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC raised its holdings in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 48.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 10,617 shares of the company’s stock after acquiring an additional 3,488 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.24% of Wahed Dow Jones Islamic World ETF worth $271,000 as of its most recent SEC filing.

Wahed Dow Jones Islamic World ETF Stock Performance

Shares of UMMA traded down $0.19 during trading hours on Friday, reaching $23.81. The stock had a trading volume of 33,902 shares, compared to its average volume of 26,374. Wahed Dow Jones Islamic World ETF has a 12 month low of $21.69 and a 12 month high of $26.44. The stock has a market capitalization of $107.15 million, a PE ratio of 20.60 and a beta of 1.03. The company’s 50-day moving average is $24.45 and its two-hundred day moving average is $24.79.

Wahed Dow Jones Islamic World ETF Announces Dividend

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

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.