Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Short Interest Up 154.5% in February

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 137,700 shares, an increase of 154.5% from the January 31st total of 54,100 shares. Based on an average daily trading volume, of 79,300 shares, the days-to-cover ratio is currently 1.7 days.

Wahed FTSE USA Shariah ETF Stock Performance

HLAL stock traded up $0.73 on Friday, hitting $52.15. 38,789 shares of the company’s stock were exchanged, compared to its average volume of 89,025. Wahed FTSE USA Shariah ETF has a 12-month low of $45.80 and a 12-month high of $55.15. The firm has a 50 day moving average price of $53.41 and a two-hundred day moving average price of $52.47. The stock has a market cap of $578.87 million, a P/E ratio of 28.21 and a beta of 1.05.

Wahed FTSE USA Shariah ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, December 24th were paid a dividend of $0.0829 per share. The ex-dividend date of this dividend was Tuesday, December 24th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HLAL. Farther Finance Advisors LLC grew its stake in Wahed FTSE USA Shariah ETF by 13.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 39,182 shares of the company’s stock worth $2,050,000 after buying an additional 4,750 shares during the last quarter. United Capital Financial Advisors LLC grew its stake in Wahed FTSE USA Shariah ETF by 10.4% during the 4th quarter. United Capital Financial Advisors LLC now owns 4,969 shares of the company’s stock worth $262,000 after buying an additional 470 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its stake in Wahed FTSE USA Shariah ETF by 2.8% during the 4th quarter. Valeo Financial Advisors LLC now owns 10,639 shares of the company’s stock worth $561,000 after buying an additional 288 shares during the last quarter.

Wahed FTSE USA Shariah ETF Company Profile

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.