Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Update

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 25,909 shares, a drop of 45.9% from the November 30th total of 47,883 shares. Based on an average daily volume of 22,247 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.4% of the company’s stock are short sold. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 22,247 shares, the days-to-cover ratio is currently 1.2 days.

Wahed Dow Jones Islamic World ETF Trading Up 0.7%

NASDAQ UMMA opened at $29.74 on Monday. The business has a fifty day simple moving average of $28.62 and a 200 day simple moving average of $27.47. Wahed Dow Jones Islamic World ETF has a 12 month low of $20.85 and a 12 month high of $29.79. The firm has a market capitalization of $175.47 million, a P/E ratio of 23.30 and a beta of 0.98.

Wahed Dow Jones Islamic World ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a dividend of $0.0044 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, December 24th.

Institutional Investors Weigh In On Wahed Dow Jones Islamic World ETF

A hedge fund recently raised its position in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC grew its position in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 6.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,070 shares of the company’s stock after buying an additional 967 shares during the quarter. Farther Finance Advisors LLC owned 0.29% of Wahed Dow Jones Islamic World ETF worth $401,000 as of its most recent filing with the Securities & Exchange Commission.

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.