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

Posted by Mickey Rousseau on Nov 28th, 2024

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA – Get Free Report) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 35,700 shares, a growth of 127.4% from the October 31st total of 15,700 shares. Based on an average daily trading volume, of 25,400 shares, the short-interest ratio is presently 1.4 days.

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 boosted its stake in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA – Free Report) by 48.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,617 shares of the company’s stock after buying an additional 3,488 shares during the quarter. Farther Finance Advisors LLC owned 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 Stock Performance

UMMA opened at $24.11 on Thursday. The stock has a market capitalization of $108.47 million, a PE ratio of 20.60 and a beta of 1.03. Wahed Dow Jones Islamic World ETF has a one year low of $21.50 and a one year high of $26.44. The business’s 50 day moving average price is $24.92 and its 200 day moving average price is $24.83.

Wahed Dow Jones Islamic World ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 26th were paid a $0.145 dividend. This represents a $0.58 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Thursday, September 26th. This is a positive change from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.01.

Wahed Dow Jones Islamic World ETF Company Profile

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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.