Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Sees Significant Growth in Short Interest

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 3,500 shares, an increase of 118.8% from the August 15th total of 1,600 shares. Based on an average daily trading volume, of 9,700 shares, the days-to-cover ratio is currently 0.4 days.

Wahed Dow Jones Islamic World ETF Stock Down 0.6 %

NASDAQ UMMA opened at $20.92 on Thursday. The stock’s 50-day moving average price is $21.54 and its 200-day moving average price is $21.38. The company has a market capitalization of $32.43 million, a P/E ratio of 16.39 and a beta of 1.03. Wahed Dow Jones Islamic World ETF has a 52 week low of $16.10 and a 52 week high of $22.76.

Wahed Dow Jones Islamic World ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 29th were paid a dividend of $0.0764 per share. This represents a $0.31 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Wednesday, June 28th.

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.