Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sees Significant Decrease in Short Interest

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) saw a large decrease in short interest in September. As of September 30th, there was short interest totalling 47,000 shares, a decrease of 38.8% from the September 15th total of 76,800 shares. Based on an average daily trading volume, of 69,000 shares, the days-to-cover ratio is presently 0.7 days.

Wahed FTSE USA Shariah ETF Trading Up 0.2 %

Shares of NASDAQ:HLAL opened at $51.77 on Friday. The firm has a market cap of $535.82 million, a price-to-earnings ratio of 24.44 and a beta of 1.05. Wahed FTSE USA Shariah ETF has a 1 year low of $39.62 and a 1 year high of $52.81. The business has a fifty day simple moving average of $50.66 and a 200 day simple moving average of $49.77.

Wahed FTSE USA Shariah ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, September 26th. This is an increase from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.02. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.31%.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

An institutional investor recently raised its position in Wahed FTSE USA Shariah ETF stock. Valeo Financial Advisors LLC raised its holdings in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 15.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,245 shares of the company’s stock after acquiring 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 at the end of the most recent quarter.

About Wahed FTSE USA Shariah ETF

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.