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

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 12,500 shares, a drop of 62.0% from the October 15th total of 32,900 shares. Based on an average daily trading volume, of 60,600 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Wahed FTSE USA Shariah ETF

A hedge fund recently raised its stake in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC increased its position in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 18.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,432 shares of the company’s stock after purchasing an additional 5,404 shares during the quarter. Farther Finance Advisors LLC owned 0.35% of Wahed FTSE USA Shariah ETF worth $1,754,000 as of its most recent filing with the SEC.

Wahed FTSE USA Shariah ETF Price Performance

Shares of HLAL stock traded down $0.71 during midday trading on Friday, hitting $51.79. The company had a trading volume of 22,534 shares, compared to its average volume of 62,999. The company’s 50 day simple moving average is $51.56 and its 200 day simple moving average is $50.51. Wahed FTSE USA Shariah ETF has a 52-week low of $43.27 and a 52-week high of $53.10. The stock has a market cap of $548.97 million, a price-to-earnings ratio of 24.44 and a beta of 1.05.

Wahed FTSE USA Shariah ETF Increases Dividend

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

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.