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

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 107,159 shares, an increase of 65.1% from the June 30th total of 64,895 shares. Based on an average daily volume of 58,629 shares, the short-interest ratio is presently 1.8 days. Approximately 0.8% of the company’s stock are short sold.

Wahed FTSE USA Shariah ETF Trading Up 0.1%

Shares of HLAL stock opened at $69.90 on Friday. The firm has a fifty day simple moving average of $70.97 and a 200-day simple moving average of $66.19. The company has a market capitalization of $912.20 million, a PE ratio of 26.06 and a beta of 1.02. Wahed FTSE USA Shariah ETF has a twelve month low of $53.92 and a twelve month high of $73.83.

Wahed FTSE USA Shariah ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 25th were given a $0.019 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Wahed FTSE USA Shariah ETF stock. Strategic Blueprint LLC acquired a new stake in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,242 shares of the company’s stock, valued at approximately $201,000.

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.