Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Short Interest Update

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 12,500 shares, a drop of 62.0% from the October 15th total of 32,900 shares. Based on an average daily trading volume, of 60,600 shares, the short-interest ratio is currently 0.2 days.

Wahed FTSE USA Shariah ETF Stock Down 1.6 %

NASDAQ HLAL traded down $0.86 during trading on Friday, hitting $51.64. The stock had a trading volume of 39,581 shares, compared to its average volume of 63,076. The company has a market capitalization of $547.38 million, a PE ratio of 24.44 and a beta of 1.05. Wahed FTSE USA Shariah ETF has a twelve month low of $43.27 and a twelve month high of $53.10. The firm has a 50 day moving average price of $51.61 and a 200 day moving average price of $50.53.

Wahed FTSE USA Shariah ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.02. This represents a $0.68 dividend on an annualized basis and a yield of 1.32%.

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 raised its position in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 13.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,182 shares of the company’s stock after acquiring an additional 4,750 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.37% of Wahed FTSE USA Shariah ETF worth $2,050,000 as of its most recent SEC filing.

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.