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

Posted by Jeff Wilder on Dec 12th, 2024

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL – Get Free Report) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 36,000 shares, a growth of 275.0% from the November 15th total of 9,600 shares. Based on an average daily volume of 63,000 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

A hedge fund recently raised its stake in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC boosted its holdings in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL – Free Report) by 18.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,432 shares of the company’s stock after purchasing an additional 5,404 shares during the period. Farther Finance Advisors LLC owned about 0.35% of Wahed FTSE USA Shariah ETF worth $1,754,000 at the end of the most recent reporting period.

Wahed FTSE USA Shariah ETF Trading Down 0.3 %

Shares of NASDAQ:HLAL traded down $0.14 during trading on Thursday, reaching $54.77. 57,113 shares of the company traded hands, compared to its average volume of 62,695. Wahed FTSE USA Shariah ETF has a 52-week low of $44.33 and a 52-week high of $54.99. The firm has a market capitalization of $580.56 million, a price-to-earnings ratio of 24.44 and a beta of 1.05. The business’s fifty day moving average is $52.41 and its 200-day moving average is $51.20.

Wahed FTSE USA Shariah ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 26th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.68 annualized dividend and a yield of 1.24%. This is a boost from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.02.

Wahed FTSE USA Shariah ETF Company Profile

(Get Free Report)

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.