Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Short Interest Update

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL – Get Free Report) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 123,626 shares, an increase of 66.4% from the August 31st total of 74,277 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 53,680 shares, the short-interest ratio is currently 2.3 days.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

A hedge fund recently raised its stake in Wahed FTSE USA Shariah ETF stock. Murphy & Mullick Capital Management Corp boosted its stake in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL – Free Report) by 13.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,700 shares of the company’s stock after buying an additional 200 shares during the quarter. Murphy & Mullick Capital Management Corp’s holdings in Wahed FTSE USA Shariah ETF were worth $101,000 as of its most recent SEC filing.

Wahed FTSE USA Shariah ETF Trading Up 0.8%

Shares of HLAL traded up $0.58 on Wednesday, reaching $75.21. 71,214 shares of the company’s stock traded hands, compared to its average volume of 62,653. The stock’s 50 day simple moving average is $72.55 and its two-hundred day simple moving average is $69.26. The stock has a market cap of $981.54 million, a PE ratio of 26.06 and a beta of 1.03. Wahed FTSE USA Shariah ETF has a 52-week low of $57.22 and a 52-week high of $75.64.

Wahed FTSE USA Shariah ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Thursday, September 24th were given a dividend of $0.0960 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.38 annualized dividend and a dividend yield of 0.5%. This is a boost from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.0190.

Wahed FTSE USA Shariah ETF Company Profile

(Get Free Report)

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.

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