Wahed FTSE USA Shariah ETF (NASDAQ:HLAL – Get Free Report) saw a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 36,000 shares, a drop of 41.4% from the July 31st total of 61,400 shares. Based on an average daily volume of 68,800 shares, the short-interest ratio is presently 0.5 days.
Institutional Inflows and Outflows
A hedge fund recently raised its position in Wahed FTSE USA Shariah ETF stock. Valeo Financial Advisors LLC lifted its position in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL – Free Report) by 15.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,245 shares of the company’s stock after buying an additional 1,079 shares during the quarter. Valeo Financial Advisors LLC owned about 0.09% of Wahed FTSE USA Shariah ETF worth $417,000 as of its most recent SEC filing.
Wahed FTSE USA Shariah ETF Trading Down 0.7 %
Shares of HLAL stock opened at $50.60 on Thursday. The firm’s fifty day moving average price is $50.72 and its two-hundred day moving average price is $49.00. Wahed FTSE USA Shariah ETF has a 1 year low of $39.62 and a 1 year high of $52.81. The firm has a market capitalization of $495.88 million, a P/E ratio of 24.44 and a beta of 1.05.
Wahed FTSE USA Shariah ETF Announces Dividend
Wahed FTSE USA Shariah ETF Company Profile
The Wahed FTSE USA Shariah ETF (HLAL) is an exchange-traded fund that is based on the FTSE USA Shariah index, a principles-selected, market-cap-weighted index of US equities. HLAL was launched on Jul 16, 2019 and is managed by Wahed.
Recommended Stories
- Five stocks we like better than Wahed FTSE USA Shariah ETF
- 3 Stocks to Consider Buying in October
- BHP Stock: The Under-the-Radar Growth Story in Commodities
- The Role Economic Reports Play in a Successful Investment Strategy
- Analysts Upgrade These 3 Hot Buy-and-Hold Stocks
- What is the Dogs of the Dow Strategy? Overview and Examples
- Kohl’s Charts a Resilient Path in a Challenging Retail Landscape
Receive News & Ratings for Wahed FTSE USA Shariah ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wahed FTSE USA Shariah ETF and related companies with MarketBeat.com's FREE daily email newsletter.