Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Short Interest Up 222.8% in April

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL – Get Free Report) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 116,168 shares, an increase of 222.8% from the April 15th total of 35,986 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 52,255 shares, the short-interest ratio is presently 2.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Wahed FTSE USA Shariah ETF stock. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,500 shares of the company’s stock, valued at approximately $93,000.

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Wahed FTSE USA Shariah ETF Price Performance

Wahed FTSE USA Shariah ETF stock traded down $0.65 during midday trading on Friday, reaching $70.12. 104,171 shares of the company traded hands, compared to its average volume of 67,085. The firm has a market capitalization of $860.37 million, a price-to-earnings ratio of 26.06 and a beta of 1.01. The business has a 50 day moving average of $63.32 and a two-hundred day moving average of $62.63. Wahed FTSE USA Shariah ETF has a 12 month low of $50.18 and a 12 month high of $70.89.

Wahed FTSE USA Shariah ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Thursday, March 26th were given a dividend of $0.077 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.31 dividend on an annualized basis and a yield of 0.4%.

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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