Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) saw an uptick in trading volume on Thursday . 128,191 shares were traded during mid-day trading, an increase of 61% from the previous session’s volume of 79,756 shares.The stock last traded at $54.15 and had previously closed at $54.05.

Wahed FTSE USA Shariah ETF Stock Up 0.5 %

The firm’s 50 day simple moving average is $53.38 and its 200 day simple moving average is $51.91. The company has a market cap of $593.61 million, a price-to-earnings ratio of 24.44 and a beta of 1.05.

Wahed FTSE USA Shariah ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, December 24th were given a dividend of $0.0829 per share. The ex-dividend date was Tuesday, December 24th.

Institutional Trading of Wahed FTSE USA Shariah ETF

An institutional investor recently raised its position in Wahed FTSE USA Shariah ETF stock. Valeo Financial Advisors LLC grew its stake in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 25.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 10,351 shares of the company’s stock after acquiring an additional 2,106 shares during the period. Valeo Financial Advisors LLC owned about 0.10% of Wahed FTSE USA Shariah ETF worth $542,000 at the end of the most recent reporting period.

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.