Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sees Large Volume Increase – Here’s What Happened

Shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) saw unusually-high trading volume on Thursday . Approximately 44,915 shares changed hands during trading, a decline of 28% from the previous session’s volume of 62,543 shares.The stock last traded at $54.13 and had previously closed at $54.32.

Wahed FTSE USA Shariah ETF Trading Down 0.1 %

The company has a market capitalization of $575.16 million, a price-to-earnings ratio of 24.44 and a beta of 1.05. The stock’s 50 day moving average price is $52.89 and its 200 day moving average price is $51.57.

Wahed FTSE USA Shariah ETF Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, December 24th will be paid a $0.0829 dividend. The ex-dividend date is Tuesday, December 24th.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

An institutional investor recently raised its position in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC boosted its position in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 13.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,182 shares of the company’s stock after acquiring an additional 4,750 shares during the quarter. Farther Finance Advisors LLC owned 0.37% of Wahed FTSE USA Shariah ETF worth $2,050,000 at the end of the most recent reporting period.

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.