Short Interest in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Decreases By 34.5%

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) saw a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 23,400 shares, a drop of 34.5% from the November 15th total of 35,700 shares. Based on an average daily volume of 25,500 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

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

Wahed Dow Jones Islamic World ETF Stock Performance

Wahed Dow Jones Islamic World ETF stock opened at $24.61 on Friday. Wahed Dow Jones Islamic World ETF has a 52 week low of $21.50 and a 52 week high of $26.44. The stock has a market capitalization of $110.75 million, a P/E ratio of 20.60 and a beta of 1.03. The stock has a fifty day moving average of $24.73 and a 200-day moving average of $24.84.

Wahed Dow Jones Islamic World ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.145 per share. This is an increase from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, September 26th. This represents a $0.58 annualized dividend and a yield of 2.36%.

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.