Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sees Large Decline in Short Interest

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 12,500 shares, a decline 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 presently 0.2 days.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

A hedge fund recently raised its stake in Wahed FTSE USA Shariah ETF stock. Valeo Financial Advisors LLC raised its holdings in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 15.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,245 shares of the company’s stock after acquiring an additional 1,079 shares during the period. Valeo Financial Advisors LLC owned approximately 0.09% of Wahed FTSE USA Shariah ETF worth $417,000 at the end of the most recent quarter.

Wahed FTSE USA Shariah ETF Trading Down 1.6 %

Shares of HLAL stock traded down $0.86 during trading hours on Friday, reaching $51.64. 39,581 shares of the company’s stock were exchanged, compared to its average volume of 63,076. Wahed FTSE USA Shariah ETF has a fifty-two week low of $43.27 and a fifty-two week high of $53.10. The stock’s 50 day moving average is $51.61 and its 200-day moving average is $50.53. The company has a market cap of $547.38 million, a price-to-earnings ratio of 24.44 and a beta of 1.05.

Wahed FTSE USA Shariah ETF Increases Dividend

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

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.