Wahed Dow Jones Islamic World ETF (UMMA) Short Interest Ratio & Short Volume

Short interest is the volume of Wahed Dow Jones Islamic World ETF shares that have been sold short but have not yet been closed out or covered. As of January 15th, traders have sold 3,100 shares of UMMA short. Learn More on Wahed Dow Jones Islamic World ETF's current short interest.

Wahed Dow Jones Islamic World ETF saw a increase in short interest in January. As of January 15th, there was short interest totaling 3,100 shares, an increase of 342.9% from the previous total of 700 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to Wahed Dow Jones Islamic World ETF: Global X Genomics & Biotechnology ETF (0.12%), ERShares Entrepreneurs ETF (0.01%), Valkyrie Bitcoin Miners ETF (5.48%), VanEck Digital Transformation ETF (2.74%), iShares ESG Advanced MSCI EM ETF (0.63%), Siren Nasdaq NexGen Economy ETF (0.39%), CrossingBridge Pre-Merger SPAC ETF (0.06%), WisdomTree Cybersecurity Fund (0.68%), Global X E-Commerce ETF (0.02%), Spear Alpha ETF (0.58%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.10 billion), General Motors ($3.90 billion), Charter Communications, Inc. ($3.31 billion), Occidental Petroleum Co. ($2.91 billion), Tractor Supply ($2.75 billion), Moderna, Inc. ($2.44 billion), Coinbase Global, Inc. ($2.10 billion), United Rentals, Inc. ($2.09 billion), Royal Caribbean Cruises Ltd. ($2.03 billion), and Rivian Automotive, Inc. ($1.89 billion). View all of the most shorted stocks.

Short selling UMMA is an investing strategy that aims to generate trading profit from Wahed Dow Jones Islamic World ETF as its price is falling. UMMA shares are trading up $0.33 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Wahed Dow Jones Islamic World ETF occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of UMMA, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including UMMA, twice per month. The most recent reporting period available is January, 15 2024.