Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Up 266.2% in March

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 27,100 shares, a growth of 266.2% from the March 15th total of 7,400 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 35,900 shares, the days-to-cover ratio is presently 0.8 days.

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 raised its holdings in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,242 shares of the company’s stock after buying an additional 625 shares during the quarter. Farther Finance Advisors LLC owned about 0.23% of Wahed Dow Jones Islamic World ETF worth $266,000 as of its most recent SEC filing.

Wahed Dow Jones Islamic World ETF Trading Down 1.6 %

UMMA stock opened at $22.75 on Thursday. Wahed Dow Jones Islamic World ETF has a 12-month low of $20.85 and a 12-month high of $26.44. The business’s 50-day moving average is $24.32 and its 200 day moving average is $24.50. The stock has a market cap of $113.75 million, a price-to-earnings ratio of 24.52 and a beta of 1.03.

Wahed Dow Jones Islamic World ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 26th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Wednesday, March 26th.

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.