Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Sees Large Drop in Short Interest

Posted by Joseph Griffin on Nov 16th, 2024

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA – Get Free Report) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 15,700 shares, a drop of 23.0% from the October 15th total of 20,400 shares. Based on an average daily volume of 25,500 shares, the short-interest ratio is currently 0.6 days.

Wahed Dow Jones Islamic World ETF Price Performance

Shares of UMMA stock opened at $23.88 on Friday. The company has a market capitalization of $107.46 million, a price-to-earnings ratio of 20.60 and a beta of 1.03. Wahed Dow Jones Islamic World ETF has a one year low of $21.29 and a one year high of $26.44. The company’s fifty day moving average price is $25.01 and its 200-day moving average price is $24.82.

Wahed Dow Jones Islamic World ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 26th were given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 2.43%. This is an increase from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, September 26th.

Institutional Trading of Wahed Dow Jones Islamic World ETF

An institutional investor recently raised its position in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC raised its stake in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA – Free Report) by 48.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,617 shares of the company’s stock after acquiring an additional 3,488 shares during the period. Farther Finance Advisors LLC owned approximately 0.24% of Wahed Dow Jones Islamic World ETF worth $271,000 as of its most recent SEC filing.

Wahed Dow Jones Islamic World ETF Company Profile

(Get Free Report)

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.