Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sees Large Volume Increase – Here’s What Happened

Shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) saw unusually-high trading volume on Tuesday . Approximately 217,588 shares changed hands during trading, an increase of 239% from the previous session’s volume of 64,234 shares.The stock last traded at $72.40 and had previously closed at $73.24.

Wahed FTSE USA Shariah ETF Stock Down 1.1%

The company has a market capitalization of $944.82 million, a price-to-earnings ratio of 26.06 and a beta of 1.03. The business has a 50-day moving average price of $71.09 and a 200-day moving average price of $66.98.

Wahed FTSE USA Shariah ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.019 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date was Thursday, June 25th.

Institutional Trading of Wahed FTSE USA Shariah ETF

A hedge fund recently bought a new stake in Wahed FTSE USA Shariah ETF stock. Strategic Blueprint LLC bought a new position in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,242 shares of the company’s stock, valued at approximately $201,000.

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.