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

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the target of a large decrease in short interest during 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 daily trading volume, of 25,500 shares, the short-interest ratio is currently 0.6 days.

Wahed Dow Jones Islamic World ETF Price Performance

UMMA traded down $0.14 during trading on Friday, hitting $23.88. The stock had a trading volume of 16,777 shares, compared to its average volume of 26,181. The company has a 50 day moving average price of $25.01 and a 200-day moving average price of $24.82. Wahed Dow Jones Islamic World ETF has a one year low of $21.29 and a one year high of $26.44. The firm 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 26th were paid a $0.145 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change 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%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC raised its stake in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 48.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,617 shares of the company’s stock after buying an additional 3,488 shares during the period. Farther Finance Advisors LLC owned 0.24% of Wahed Dow Jones Islamic World ETF worth $271,000 at the end of the most recent quarter.

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.