HLAL Stock Summary and Trading Ideas (Wahed FTSE USA Shariah ETF | NASDAQ:HLAL)

The investment seeks to track the total return performance, before fees and expenses, of the FTSE USA Shariah Index. The FTSE Global Equity Shariah Index Series has been designed to be used as the basis of Shariah compliant investment products that meet the requirements of Islamic investors globally. Using the Large and Mid Cap stocks from the FTSE Global Equity Index Series as a base universe, constituents are then screened against a clear set of Shariah principles. Shariah screening is undertaken by Yasaar Limited, to create a Shariah compliant index series. The series has been fully certified as Shariah-compliant through the issue of a Fatwa (Islamic legal opinion). The FTSE Shariah USA Index contains USA stocks that meet these criteria. The FTSE Shariah USA Index has been fully certified as Shariah-compliant through the issue of a Fata (Islamic legal opinon) by Yasaars principals.

Wahed FTSE USA Shariah ETF trades on the NASDAQ stock market under the symbol HLAL.

As of April 11, 2025, HLAL stock price climbed to $46.19 with 52,308 million shares trading.

HLAL has a beta of 0.94, meaning it tends to be less sensitive to market movements. HLAL has a correlation of 0.90 to the broad based SPY ETF.

HLAL has a market cap of $533.49 million. This is considered a Small Cap stock.

In the last 3 years, HLAL traded as high as $55.15 and as low as $32.55.

HLAL has underperformed the market in the last year with a price return of -4.0% while the SPY ETF gained +4.5%. HLAL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -11.6% and -5.1%, respectively, while the SPY returned -7.7% and -3.9%, respectively.

HLAL support price is $44.59 and resistance is $46.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HLAL shares will trade within this expected range on the day.