Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Short Interest Update

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 104,564 shares, an increase of 30.4% from the February 12th total of 80,195 shares. Based on an average daily volume of 51,533 shares, the short-interest ratio is presently 2.0 days. Currently, 0.9% of the company’s stock are short sold. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 51,533 shares, the short-interest ratio is presently 2.0 days.

Wahed FTSE USA Shariah ETF Stock Down 0.8%

Shares of HLAL traded down $0.46 during midday trading on Friday, reaching $60.41. 47,200 shares of the stock were exchanged, compared to its average volume of 74,542. The company has a market cap of $709.82 million, a price-to-earnings ratio of 26.06 and a beta of 1.00. Wahed FTSE USA Shariah ETF has a 12-month low of $42.10 and a 12-month high of $64.19. The firm has a 50 day simple moving average of $62.68 and a 200-day simple moving average of $61.16.

Wahed FTSE USA Shariah ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were issued a $0.0772 dividend. The ex-dividend date was Wednesday, December 24th. This represents a $0.31 dividend on an annualized basis and a yield of 0.5%.

Institutional Trading of Wahed FTSE USA Shariah ETF

A number of institutional investors have recently added to or reduced their stakes in HLAL. Farther Finance Advisors LLC grew its position in Wahed FTSE USA Shariah ETF by 1.7% in the third quarter. Farther Finance Advisors LLC now owns 35,695 shares of the company’s stock worth $2,118,000 after acquiring an additional 605 shares in the last quarter. Strategic Blueprint LLC acquired a new position in shares of Wahed FTSE USA Shariah ETF during the 4th quarter worth $201,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Wahed FTSE USA Shariah ETF during the 4th quarter valued at $93,000.

About Wahed FTSE USA Shariah ETF

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.