Short Interest in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Grows By 127.4%

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 35,700 shares, an increase of 127.4% from the October 31st total of 15,700 shares. Based on an average daily trading volume, of 25,400 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Investors 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 grew its holdings in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 48.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Wahed Dow Jones Islamic World ETF Trading Up 1.2 %

Wahed Dow Jones Islamic World ETF stock traded up $0.30 during trading on Friday, hitting $24.40. The company had a trading volume of 17,505 shares, compared to its average volume of 25,992. The stock has a market cap of $109.80 million, a price-to-earnings ratio of 20.60 and a beta of 1.03. Wahed Dow Jones Islamic World ETF has a 1-year low of $21.50 and a 1-year high of $26.44. The company’s 50 day simple moving average is $24.89 and its 200-day simple moving average is $24.83.

Wahed Dow Jones Islamic World ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 26th were paid a $0.145 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.01. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.38%.

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.