Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Update

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 11,700 shares, a decrease of 71.7% from the December 15th total of 41,400 shares. Based on an average daily trading volume, of 30,200 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Wahed Dow Jones Islamic World ETF

An institutional investor recently raised its position in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC boosted its position in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 48.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 about 0.24% of Wahed Dow Jones Islamic World ETF worth $271,000 at the end of the most recent reporting period.

Wahed Dow Jones Islamic World ETF Stock Performance

Shares of UMMA opened at $23.60 on Tuesday. The stock has a 50 day simple moving average of $24.23 and a 200 day simple moving average of $24.71. Wahed Dow Jones Islamic World ETF has a 52-week low of $21.69 and a 52-week high of $26.44. The firm has a market capitalization of $116.82 million, a PE ratio of 20.60 and a beta of 1.03.

Wahed Dow Jones Islamic World ETF Dividend Announcement

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

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.