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

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC increased its stake in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 48.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,617 shares of the company’s stock after acquiring an additional 3,488 shares during the quarter. 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 NASDAQ:UMMA traded up $0.25 during midday trading on Wednesday, hitting $23.96. The company’s stock had a trading volume of 20,873 shares, compared to its average volume of 47,618. The stock’s 50 day simple moving average is $24.21 and its 200 day simple moving average is $24.71. The stock has a market capitalization of $118.60 million, a price-to-earnings ratio of 20.60 and a beta of 1.03. Wahed Dow Jones Islamic World ETF has a fifty-two week low of $21.69 and a fifty-two week high of $26.44.

Wahed Dow Jones Islamic World ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, December 26th. Shareholders 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.