Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Sees Significant Decline in Short Interest

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

Wahed Dow Jones Islamic World ETF Stock Performance

NASDAQ:UMMA opened at $23.88 on Friday. Wahed Dow Jones Islamic World ETF has a 52 week low of $21.29 and a 52 week high of $26.44. The firm has a 50-day moving average price of $25.01 and a two-hundred day moving average price of $24.82. 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 company 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. This is an increase from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, September 26th. 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 boosted its holdings in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 48.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 approximately 0.24% of Wahed Dow Jones Islamic World ETF worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

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.