Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Short Interest Up 62.8% in March

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 235,400 shares, a growth of 62.8% from the February 28th total of 144,600 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily volume of 81,600 shares, the short-interest ratio is presently 2.9 days.

Wahed FTSE USA Shariah ETF Trading Down 2.4 %

NASDAQ:HLAL traded down $1.18 during trading hours on Friday, hitting $48.66. The company had a trading volume of 51,087 shares, compared to its average volume of 68,066. Wahed FTSE USA Shariah ETF has a 1 year low of $45.80 and a 1 year high of $55.15. The company has a market cap of $540.13 million, a P/E ratio of 25.91 and a beta of 1.05. The company has a 50-day moving average of $52.09 and a 200 day moving average of $52.39.

Wahed FTSE USA Shariah ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 26th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Wednesday, March 26th.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. United Capital Financial Advisors LLC lifted its position in Wahed FTSE USA Shariah ETF by 10.4% in the fourth quarter. United Capital Financial Advisors LLC now owns 4,969 shares of the company’s stock valued at $262,000 after buying an additional 470 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Wahed FTSE USA Shariah ETF by 2.3% during the 4th quarter. Farther Finance Advisors LLC now owns 40,077 shares of the company’s stock worth $2,114,000 after purchasing an additional 895 shares during the period. Finally, Valeo Financial Advisors LLC raised its holdings in Wahed FTSE USA Shariah ETF by 2.8% in the fourth quarter. Valeo Financial Advisors LLC now owns 10,639 shares of the company’s stock valued at $561,000 after acquiring an additional 288 shares in the last quarter.

Wahed FTSE USA Shariah ETF Company Profile

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.