Wahed FTSE USA Shariah ETF (NASDAQ:HLAL – Get Free Report) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 47,000 shares, a decrease of 38.8% from the September 15th total of 76,800 shares. Based on an average trading volume of 69,000 shares, the days-to-cover ratio is presently 0.7 days.
Wahed FTSE USA Shariah ETF Price Performance
HLAL opened at $51.77 on Monday. Wahed FTSE USA Shariah ETF has a 1 year low of $39.62 and a 1 year high of $52.81. The stock’s 50 day simple moving average is $50.71 and its 200 day simple moving average is $49.82. The firm has a market cap of $538.41 million, a price-to-earnings ratio of 24.44 and a beta of 1.05.
Wahed FTSE USA Shariah ETF Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 26th were issued a $0.17 dividend. This is a boost from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, September 26th. This represents a $0.68 annualized dividend and a dividend yield of 1.31%.
Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF
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.
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