Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Up 76.9% in December

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 41,400 shares, a growth of 76.9% from the November 30th total of 23,400 shares. Based on an average daily trading volume, of 27,000 shares, the short-interest ratio is currently 1.5 days.

Wahed Dow Jones Islamic World ETF Price Performance

Shares of Wahed Dow Jones Islamic World ETF stock traded down $0.19 during midday trading on Friday, reaching $23.81. The company had a trading volume of 33,902 shares, compared to its average volume of 26,374. The stock has a fifty day moving average price of $24.45 and a 200 day moving average price of $24.79. Wahed Dow Jones Islamic World ETF has a fifty-two week low of $21.69 and a fifty-two week high of $26.44. The firm has a market cap of $107.15 million, a PE ratio of 20.60 and a beta of 1.03.

Wahed Dow Jones Islamic World ETF Announces Dividend

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

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 raised its position in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 48.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,617 shares of the company’s stock after acquiring an additional 3,488 shares during the quarter. 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.

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.