Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Sees Large Growth in Short Interest

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 14,300 shares, an increase of 22.2% from the December 31st total of 11,700 shares. Based on an average daily trading volume, of 30,600 shares, the days-to-cover ratio is currently 0.5 days.

Wahed Dow Jones Islamic World ETF Stock Performance

UMMA stock opened at $24.90 on Monday. The stock’s fifty day moving average is $24.33 and its two-hundred day moving average is $24.65. The stock has a market capitalization of $123.26 million, a price-to-earnings ratio of 20.60 and a beta of 1.03. Wahed Dow Jones Islamic World ETF has a 1 year low of $22.02 and a 1 year high of $26.44.

Wahed Dow Jones Islamic World ETF Announces Dividend

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

Hedge Funds 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 increased its position in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 48.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,617 shares of the company’s stock after purchasing an additional 3,488 shares during the period. Farther Finance Advisors LLC owned 0.24% of Wahed Dow Jones Islamic World ETF worth $271,000 at the end of the most recent quarter.

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.