Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA – Get Free Report) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 175,185 shares, a growth of 54.4% from the September 15th total of 113,451 shares. Based on an average daily volume of 43,541 shares, the short-interest ratio is presently 4.0 days. Approximately 2.2% of the company’s shares are sold short.
Wahed Dow Jones Islamic World ETF Stock Down 1.3%
NASDAQ UMMA traded down $0.46 during trading hours on Friday, hitting $35.21. 33,748 shares of the company were exchanged, compared to its average volume of 50,897. Wahed Dow Jones Islamic World ETF has a 52-week low of $27.26 and a 52-week high of $41.53. The company has a 50 day moving average of $37.11 and a two-hundred day moving average of $36.45. The firm has a market cap of $292.21 million, a price-to-earnings ratio of 23.30 and a beta of 1.05.
Wahed Dow Jones Islamic World ETF Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Thursday, September 24th were given a dividend of $0.1510 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.0040. The ex-dividend date was Thursday, September 24th.
Institutional Investors Weigh In On Wahed Dow Jones Islamic World ETF
An institutional investor recently raised its stake in Wahed Dow Jones Islamic World ETF stock. Farther Finance Advisors LLC increased its position in Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA – Free Report) by 17.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,547 shares of the company’s stock after acquiring an additional 4,452 shares during the period. Farther Finance Advisors LLC owned approximately 0.38% of Wahed Dow Jones Islamic World ETF worth $1,124,000 as of its most recent SEC filing.
Wahed Dow Jones Islamic World ETF Company Profile
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.
Recommended Stories
- Five stocks we like better than Wahed Dow Jones Islamic World ETF
- AST SpaceMobile Is Down 67%—Could SpaceX’s Mobile Push Deepen the Selloff?
- GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking
- Fundamental and Technicals Signals Align for Costco: Is the Stock Finally Breaking Out?
- Palantir’s Potential Next Catalyst After Retail Profit-Taking
Receive News & Ratings for Wahed Dow Jones Islamic World ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wahed Dow Jones Islamic World ETF and related companies with MarketBeat.com's FREE daily email newsletter.
