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

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) shares saw unusually-strong trading volume on Thursday . Approximately 44,915 shares changed hands during mid-day 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 Stock Performance

The company’s fifty day moving average price is $52.97 and its 200 day moving average price is $51.62. The firm has a market capitalization of $568.69 million, a price-to-earnings ratio of 24.44 and a beta of 1.05.

Wahed FTSE USA Shariah ETF Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, December 24th were paid a $0.0829 dividend. The ex-dividend date was Tuesday, December 24th.

Institutional Trading of Wahed FTSE USA Shariah ETF

A hedge fund recently raised its stake in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC increased its stake in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 18.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,432 shares of the company’s stock after buying an additional 5,404 shares during the quarter. Farther Finance Advisors LLC owned about 0.35% of Wahed FTSE USA Shariah ETF worth $1,754,000 at the end of the most recent quarter.

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.