Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA) Short Interest Up 76.9% in September

by · The Cerbat Gem

Wahed Dow Jones Islamic World ETF (NASDAQ:UMMA – Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 30,600 shares, an increase of 76.9% from the August 31st total of 17,300 shares. Based on an average trading volume of 27,300 shares, the days-to-cover ratio is presently 1.1 days.

Wahed Dow Jones Islamic World ETF Stock Down 1.0 %

UMMA stock opened at $25.80 on Friday. The stock has a market cap of $105.78 million, a PE ratio of 20.60 and a beta of 1.03. The firm’s 50-day simple moving average is $24.74 and its 200 day simple moving average is $24.49. Wahed Dow Jones Islamic World ETF has a fifty-two week low of $19.18 and a fifty-two week high of $26.29.

Wahed Dow Jones Islamic World ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 26th were given a $0.145 dividend. This is a boost from Wahed Dow Jones Islamic World ETF’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, September 26th. This represents a $0.58 annualized dividend and a yield of 2.25%.

Wahed Dow Jones Islamic World ETF Company Profile

(Get Free Report)

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.

Read More