Short Interest in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Increases By 222.8%

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 116,168 shares, an increase of 222.8% from the April 15th total of 35,986 shares. Based on an average daily volume of 52,255 shares, the short-interest ratio is presently 2.2 days. Approximately 0.9% of the company’s stock are short sold.

Wahed FTSE USA Shariah ETF Price Performance

NASDAQ HLAL traded down $0.65 during trading hours on Friday, hitting $70.12. The company had a trading volume of 104,171 shares, compared to its average volume of 67,085. Wahed FTSE USA Shariah ETF has a fifty-two week low of $50.18 and a fifty-two week high of $70.89. The company has a market capitalization of $860.37 million, a price-to-earnings ratio of 26.06 and a beta of 1.01. The firm’s 50 day moving average is $63.48 and its 200 day moving average is $62.69.

Wahed FTSE USA Shariah ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Thursday, March 26th were given a $0.077 dividend. This represents a $0.31 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, March 26th.

Hedge Funds Weigh In On Wahed FTSE USA Shariah ETF

An institutional investor recently bought a new position in Wahed FTSE USA Shariah ETF stock. Strategic Blueprint LLC purchased a new position in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,242 shares of the company’s stock, valued at approximately $201,000.

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.