Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sees Large Volume Increase – Should You Buy?

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) shares saw unusually-strong trading volume on Thursday . Approximately 128,191 shares changed hands during mid-day trading, an increase of 61% from the previous session’s volume of 79,756 shares.The stock last traded at $54.15 and had previously closed at $54.05.

Wahed FTSE USA Shariah ETF Price Performance

The business has a fifty day moving average price of $53.38 and a two-hundred day moving average price of $51.91. The firm has a market cap of $593.61 million, a PE ratio of 24.44 and a beta of 1.05.

Wahed FTSE USA Shariah ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, December 26th. Stockholders of record on Tuesday, December 24th were issued a $0.0829 dividend. The ex-dividend date of this dividend was Tuesday, December 24th.

Institutional Trading of Wahed FTSE USA Shariah ETF

A hedge fund recently raised its stake in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC lifted its position in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 13.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 39,182 shares of the company’s stock after purchasing an additional 4,750 shares during the quarter. Farther Finance Advisors LLC owned 0.37% of Wahed FTSE USA Shariah ETF worth $2,050,000 at the end of the most recent reporting period.

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.