Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Short Interest Update

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 47,000 shares, a decline of 38.8% from the September 15th total of 76,800 shares. Based on an average daily trading volume, of 69,000 shares, the days-to-cover ratio is currently 0.7 days.

Wahed FTSE USA Shariah ETF Stock Performance

HLAL opened at $51.77 on Monday. Wahed FTSE USA Shariah ETF has a fifty-two week low of $39.62 and a fifty-two week high of $52.81. The firm has a 50-day moving average of $50.71 and a 200 day moving average of $49.82. The firm has a market cap of $538.41 million, a P/E ratio of 24.44 and a beta of 1.05.

Wahed FTSE USA Shariah ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.68 annualized dividend and a dividend yield of 1.31%. This is a positive change from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.02.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

An institutional investor recently raised its position in Wahed FTSE USA Shariah ETF stock. Valeo Financial Advisors LLC raised its position in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 15.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,245 shares of the company’s stock after buying an additional 1,079 shares during the quarter. Valeo Financial Advisors LLC owned about 0.09% of Wahed FTSE USA Shariah ETF worth $417,000 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.