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

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 9,500 shares, a decrease of 33.6% from the January 15th total of 14,300 shares. Based on an average daily volume of 32,000 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC raised its position in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 48.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,617 shares of the company’s stock after purchasing an additional 3,488 shares during the quarter. Farther Finance Advisors LLC owned about 0.24% of Wahed Dow Jones Islamic World ETF worth $271,000 as of its most recent SEC filing.

Wahed Dow Jones Islamic World ETF Trading Up 0.6 %

UMMA stock traded up $0.15 during trading on Friday, hitting $25.64. The company had a trading volume of 12,779 shares, compared to its average volume of 32,733. The business has a 50 day moving average of $24.47 and a 200 day moving average of $24.69. The firm has a market capitalization of $126.92 million, a price-to-earnings ratio of 20.60 and a beta of 1.03. Wahed Dow Jones Islamic World ETF has a fifty-two week low of $22.02 and a fifty-two week high of $26.44.

Wahed Dow Jones Islamic World ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, December 26th. Stockholders of record on Tuesday, December 24th were paid a $0.0043 dividend. The ex-dividend date of this dividend was Tuesday, December 24th.

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.