Short Interest in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Decreases By 41.4%

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totalling 36,000 shares, a decrease of 41.4% from the July 31st total of 61,400 shares. Based on an average daily volume of 68,800 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds 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 boosted its position in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 15.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,245 shares of the company’s stock after buying an additional 1,079 shares during the period. Valeo Financial Advisors LLC owned approximately 0.09% of Wahed FTSE USA Shariah ETF worth $417,000 at the end of the most recent quarter.

Wahed FTSE USA Shariah ETF Trading Up 0.7 %

Shares of HLAL opened at $51.24 on Friday. Wahed FTSE USA Shariah ETF has a 12 month low of $39.62 and a 12 month high of $52.81. The firm’s 50 day moving average is $50.75 and its 200-day moving average is $49.04. The stock has a market capitalization of $502.15 million, a PE ratio of 24.44 and a beta of 1.05.

Wahed FTSE USA Shariah ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a dividend of $0.0206 per share. The ex-dividend date was Thursday, June 27th. This represents a $0.08 dividend on an annualized basis and a yield of 0.16%.

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.