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

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 21,100 shares, a growth of 142.5% from the February 29th total of 8,700 shares. Based on an average daily volume of 61,500 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

A hedge fund recently bought a new stake in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC acquired a new stake in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 8,650 shares of the company’s stock, valued at approximately $370,000. Farther Finance Advisors LLC owned 0.18% of Wahed FTSE USA Shariah ETF at the end of the most recent reporting period.

Wahed FTSE USA Shariah ETF Price Performance

HLAL traded down $0.02 on Thursday, reaching $48.46. 36,177 shares of the company traded hands, compared to its average volume of 61,783. The stock’s 50 day moving average price is $47.19 and its 200-day moving average price is $44.62. Wahed FTSE USA Shariah ETF has a 52-week low of $37.91 and a 52-week high of $48.72. The company has a market cap of $227.76 million, a price-to-earnings ratio of 19.19 and a beta of 1.05.

Wahed FTSE USA Shariah ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Thursday, March 28th will be given a $0.0313 dividend. This represents a $0.13 annualized dividend and a yield of 0.26%. The ex-dividend date is Wednesday, March 27th.

Wahed FTSE USA Shariah ETF Company Profile

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.