Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Update

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 32,459 shares, an increase of 101.9% from the May 14th total of 16,074 shares. Based on an average daily trading volume, of 42,046 shares, the short-interest ratio is currently 0.8 days. Approximately 0.5% of the company’s shares are sold short.

Hedge Funds Weigh In On Wahed Dow Jones Islamic World ETF

An institutional investor recently raised its position in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC increased its stake in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 44.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,162 shares of the company’s stock after buying an additional 7,475 shares during the period. Farther Finance Advisors LLC owned 0.38% of Wahed Dow Jones Islamic World ETF worth $715,000 at the end of the most recent reporting period.

Wahed Dow Jones Islamic World ETF Price Performance

UMMA stock opened at $38.34 on Friday. Wahed Dow Jones Islamic World ETF has a 1 year low of $25.27 and a 1 year high of $39.64. The company has a market cap of $270.30 million, a P/E ratio of 23.30 and a beta of 1.04. The firm has a 50-day moving average of $35.37 and a 200 day moving average of $32.57.

Wahed Dow Jones Islamic World ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Thursday, March 26th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This is an increase from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.00. This represents a $0.48 dividend on an annualized basis and a yield of 1.3%.

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. UMMA was launched on Jan 7, 2022 and is managed by Wahed.