Short Interest in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Increases By 22.2%

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 14,300 shares, a growth of 22.2% from the December 31st total of 11,700 shares. Based on an average daily trading volume, of 30,600 shares, the short-interest ratio is currently 0.5 days.

Wahed Dow Jones Islamic World ETF Price Performance

NASDAQ UMMA opened at $24.90 on Monday. The company has a 50 day simple moving average of $24.33 and a 200-day simple moving average of $24.65. Wahed Dow Jones Islamic World ETF has a 52-week low of $22.02 and a 52-week high of $26.44. The firm has a market capitalization of $123.26 million, a price-to-earnings ratio of 20.60 and a beta of 1.03.

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 issued a dividend of $0.0043 per share. The ex-dividend date of this dividend was Tuesday, December 24th.

Institutional Trading of 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 grew its position in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 48.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,617 shares of the company’s stock after purchasing an additional 3,488 shares during the period. Farther Finance Advisors LLC owned about 0.24% of Wahed Dow Jones Islamic World ETF worth $271,000 at the end of the most recent quarter.

About Wahed Dow Jones Islamic World ETF

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.