Short Interest in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Declines By 18.7%

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 7,400 shares, a decrease of 18.7% from the February 13th total of 9,100 shares. Based on an average trading volume of 32,700 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC grew its holdings in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,242 shares of the company’s stock after buying an additional 625 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.23% of Wahed Dow Jones Islamic World ETF worth $266,000 at the end of the most recent reporting period.

Wahed Dow Jones Islamic World ETF Price Performance

Wahed Dow Jones Islamic World ETF stock opened at $24.95 on Wednesday. The stock has a fifty day moving average price of $24.86 and a two-hundred day moving average price of $24.74. 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 $123.50 million, a P/E ratio of 25.03 and a beta of 1.03.

Wahed Dow Jones Islamic World ETF Announces Dividend

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