Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Down 68.9% in August

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 16,505 shares, a decline of 68.9% from the July 30th total of 53,113 shares. Based on an average daily trading volume, of 41,947 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Wahed Dow Jones Islamic World ETF

An institutional investor recently bought a new position in Wahed Dow Jones Islamic World ETF stock. Valeo Financial Advisors LLC acquired a new position in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,502 shares of the company’s stock, valued at approximately $336,000. Valeo Financial Advisors LLC owned approximately 0.11% of Wahed Dow Jones Islamic World ETF as of its most recent filing with the Securities and Exchange Commission.

Wahed Dow Jones Islamic World ETF Stock Down 0.6%

NASDAQ UMMA opened at $37.60 on Thursday. The company has a market cap of $293.28 million, a price-to-earnings ratio of 23.30 and a beta of 1.04. The business’s fifty day moving average is $37.38 and its 200 day moving average is $35.33. Wahed Dow Jones Islamic World ETF has a twelve month low of $25.82 and a twelve month high of $41.53.

Wahed Dow Jones Islamic World ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 25th were given a dividend of $0.004 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.02 annualized dividend and a dividend yield of 0.0%.

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. UMMA was launched on Jan 7, 2022 and is managed by Wahed.