Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Down 71.7% in January

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

Wahed Dow Jones Islamic World ETF Price Performance

Shares of UMMA stock traded up $0.09 during trading on Tuesday, hitting $24.60. 31,340 shares of the stock traded hands, compared to its average volume of 38,098. Wahed Dow Jones Islamic World ETF has a 52-week low of $22.02 and a 52-week high of $26.44. The firm has a market capitalization of $121.77 million, a P/E ratio of 20.60 and a beta of 1.03. The firm’s fifty day moving average price is $24.25 and its 200-day moving average price is $24.67.

Wahed Dow Jones Islamic World ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, December 24th were given a dividend of $0.0043 per share. The ex-dividend date was Tuesday, December 24th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC boosted its position in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 48.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,617 shares of the company’s stock after acquiring an additional 3,488 shares during the quarter. Farther Finance Advisors LLC owned 0.24% of Wahed Dow Jones Islamic World ETF worth $271,000 at the end of the most recent quarter.

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.