Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Sees Large Decrease in Short Interest

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 15,700 shares, a decrease of 23.0% from the October 15th total of 20,400 shares. Based on an average trading volume of 25,500 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On 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 grew its holdings in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 48.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,617 shares of the company’s stock after purchasing an additional 3,488 shares during the quarter. Farther Finance Advisors LLC owned about 0.24% of Wahed Dow Jones Islamic World ETF worth $271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Wahed Dow Jones Islamic World ETF Price Performance

Shares of Wahed Dow Jones Islamic World ETF stock traded down $0.14 during trading on Friday, hitting $23.88. The company’s stock had a trading volume of 16,777 shares, compared to its average volume of 26,181. The stock has a market cap of $107.46 million, a price-to-earnings ratio of 20.60 and a beta of 1.03. Wahed Dow Jones Islamic World ETF has a 52 week low of $21.29 and a 52 week high of $26.44. The stock has a 50-day moving average price of $25.01 and a two-hundred day moving average price of $24.82.

Wahed Dow Jones Islamic World ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 26th were issued a $0.145 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.01. This represents a $0.58 annualized dividend and a yield of 2.43%.

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.