Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Short Interest Up 65.1% in July

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL – Get Free Report) saw a significant increase in short interest in the month of 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. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 58,629 shares, the days-to-cover ratio is currently 1.8 days.

Wahed FTSE USA Shariah ETF Price Performance

Shares of NASDAQ:HLAL traded up $0.08 on Friday, reaching $69.90. The company’s stock had a trading volume of 45,030 shares, compared to its average volume of 64,306. Wahed FTSE USA Shariah ETF has a 52-week low of $53.92 and a 52-week high of $73.83. The stock has a market capitalization of $912.20 million, a P/E ratio of 26.06 and a beta of 1.02. The stock’s 50-day moving average is $71.00 and its two-hundred day moving average is $66.16.

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Wahed FTSE USA Shariah ETF Cuts Dividend

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

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Wahed FTSE USA Shariah ETF stock. Strategic Blueprint LLC purchased a new position in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,242 shares of the company’s stock, valued at approximately $201,000.

About Wahed FTSE USA Shariah ETF

(Get Free Report)

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.

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