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

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 30,600 shares, an increase of 76.9% from the August 31st total of 17,300 shares. Based on an average daily volume of 27,300 shares, the days-to-cover ratio is presently 1.1 days.

Wahed Dow Jones Islamic World ETF Price Performance

NASDAQ UMMA opened at $25.80 on Friday. Wahed Dow Jones Islamic World ETF has a 1-year low of $19.18 and a 1-year high of $26.29. The firm has a market capitalization of $105.78 million, a P/E ratio of 20.60 and a beta of 1.03. The business’s 50-day simple moving average is $24.74 and its 200-day simple moving average is $24.49.

Wahed Dow Jones Islamic World ETF Increases Dividend

The firm 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 $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 2.25%. This is a boost from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, September 26th.

Wahed Dow Jones Islamic World ETF Company Profile

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.