Short Interest in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Drops By 71.7%

Posted by Jessica Moore on Jan 14th, 2025

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA – Get Free Report) saw a large drop in short interest in December. As of December 31st, there was short interest totalling 11,700 shares, a drop of 71.7% from the December 15th total of 41,400 shares. Based on an average trading volume of 30,200 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Wahed Dow Jones Islamic World ETF

A hedge fund recently raised its stake in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC raised its stake in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA – Free Report) by 48.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 approximately 0.24% of Wahed Dow Jones Islamic World ETF worth $271,000 at the end of the most recent reporting period.

Wahed Dow Jones Islamic World ETF Stock Down 1.5 %

Shares of UMMA stock opened at $23.60 on Tuesday. Wahed Dow Jones Islamic World ETF has a 12 month low of $21.69 and a 12 month high of $26.44. The company’s fifty day simple moving average is $24.23 and its 200-day simple moving average is $24.71. The firm has a market cap of $116.82 million, a PE ratio of 20.60 and a beta of 1.03.

Wahed Dow Jones Islamic World ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, December 26th. Stockholders of record on Tuesday, December 24th were paid a dividend of $0.0043 per share. The ex-dividend date was Tuesday, December 24th.

About Wahed Dow Jones Islamic World ETF

(Get Free Report)

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.