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

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) 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

An institutional investor recently raised its position in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC grew its position in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 18.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,432 shares of the company’s stock after acquiring an additional 5,404 shares during the period. Farther Finance Advisors LLC owned about 0.35% of Wahed FTSE USA Shariah ETF worth $1,754,000 as of its most recent SEC filing.

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.