Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Update

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 23,400 shares, a drop of 34.5% from the November 15th total of 35,700 shares. Based on an average daily volume of 25,500 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

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) by 48.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,617 shares of the company’s stock after purchasing an additional 3,488 shares during the period. 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.

Wahed Dow Jones Islamic World ETF Stock Performance

Wahed Dow Jones Islamic World ETF stock opened at $24.61 on Friday. The stock has a 50-day simple moving average of $24.73 and a 200 day simple moving average of $24.84. The stock has a market capitalization of $110.75 million, a P/E ratio of 20.60 and a beta of 1.03. Wahed Dow Jones Islamic World ETF has a 52 week low of $21.50 and a 52 week high of $26.44.

Wahed Dow Jones Islamic World ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.145 per share. This is an increase from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.01. This represents a $0.58 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Thursday, September 26th.

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.