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

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

Wahed Dow Jones Islamic World ETF Stock Performance

Shares of NASDAQ UMMA opened at $23.16 on Tuesday. Wahed Dow Jones Islamic World ETF has a fifty-two week low of $20.85 and a fifty-two week high of $26.44. The stock has a market cap of $115.80 million, a PE ratio of 24.52 and a beta of 1.03. The stock has a fifty day moving average of $24.41 and a 200-day moving average of $24.53.

Wahed Dow Jones Islamic World ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Wednesday, March 26th.

Institutional Investors Weigh In On Wahed Dow Jones Islamic World ETF

An institutional investor recently raised its position in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC boosted its position in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 25.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,103 shares of the company’s stock after acquiring an additional 2,861 shares during the period. Farther Finance Advisors LLC owned 0.28% of Wahed Dow Jones Islamic World ETF worth $337,000 as of its most recent SEC filing.

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.