Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Short Interest Down 38.8% in September

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 47,000 shares, a decrease of 38.8% from the September 15th total of 76,800 shares. Based on an average daily volume of 69,000 shares, the days-to-cover ratio is presently 0.7 days.

Wahed FTSE USA Shariah ETF Stock Up 0.2 %

HLAL stock opened at $51.77 on Friday. The stock has a market capitalization of $535.82 million, a price-to-earnings ratio of 24.44 and a beta of 1.05. The stock’s fifty day simple moving average is $50.66 and its 200-day simple moving average is $49.77. Wahed FTSE USA Shariah ETF has a 52-week low of $39.62 and a 52-week high of $52.81.

Wahed FTSE USA Shariah ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.17 per share. This is a positive change from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.02. This represents a $0.68 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Thursday, September 26th.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

An institutional investor recently raised its position in Wahed FTSE USA Shariah ETF stock. Valeo Financial Advisors LLC boosted its position in Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 25.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,351 shares of the company’s stock after acquiring an additional 2,106 shares during the quarter. Valeo Financial Advisors LLC owned 0.10% of Wahed FTSE USA Shariah ETF worth $542,000 as of its most recent filing with the Securities and Exchange Commission.

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.