Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Sees Large Decrease in Short Interest

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMAGet Free Report) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 18,524 shares, a decline of 73.0% from the June 30th total of 68,602 shares. Based on an average daily trading volume, of 59,832 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

Wahed Dow Jones Islamic World ETF Stock Performance

Shares of UMMA stock traded up $0.06 during trading hours on Monday, hitting $35.71. The company had a trading volume of 50,115 shares, compared to its average volume of 50,405. Wahed Dow Jones Islamic World ETF has a 12 month low of $25.45 and a 12 month high of $41.53. The firm has a market capitalization of $278.54 million, a price-to-earnings ratio of 23.30 and a beta of 1.03. The firm’s fifty day moving average is $37.70 and its 200 day moving average is $34.47.

Wahed Dow Jones Islamic World ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 25th were paid a $0.004 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.02 dividend on an annualized basis and a yield of 0.0%.

Institutional Investors Weigh In On Wahed Dow Jones Islamic World ETF

An institutional investor recently bought a new stake in Wahed Dow Jones Islamic World ETF stock. Valeo Financial Advisors LLC bought a new position in shares of Wahed Dow Jones Islamic World ETF (NASDAQ:UMMAFree Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,502 shares of the company’s stock, valued at approximately $336,000. Valeo Financial Advisors LLC owned approximately 0.11% of Wahed Dow Jones Islamic World ETF at the end of the most recent quarter.

About Wahed Dow Jones Islamic World ETF

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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. UMMA was launched on Jan 7, 2022 and is managed by Wahed.

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