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The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to invests in equity securities of global companies (excluding U.S. domiciled companies) the characteristics of which meet the requirements of Shariah and are consistent with Islamic principles as interpreted by subject-matter experts (each, a “Shariah Compliant Company”). The adviser seeks to invest the fund’s assets in securities similar to the components of, and to achieve returns similar to those of, the Dow Jones Islamic Market International Titans 100 Index (the “Index”). The fund is non-diversified.
Is UMMA's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
Wahed Dow Jones Islamic World ETF (NASDAQ: UMMA - Get Free Report) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 93,829 shares, a decrease of 25.9% from the March 15th total of 126,669 shares. Based on an average daily trading
Wahed Dow Jones Islamic World ETF (NASDAQ: UMMA - Get Free Report) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 50,081 shares, a drop of 79.1% from the February 12th total of 239,141 shares. Approximately 0.8% of the company's stock are short sold.
Wahed has launched the Nasdaq's first Shariah-compliant and ESG-aware ETF, the Wahed Dow Jones Islamic World ETF (UMMA). Wahed, a New York-based firm that aims to advance financial inclusion through accessible, affordable, and values-based investing, launched its second ETF, UMMA, in collaboration with the U.S. Bank's Listed Funds Trust and Dow Jones.