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The Fund is an actively managed exchange traded fund ETF that seeks to achieve its investment objective by investing in equity securities including common stock and American Depositary Receipts ADRs of global companies excluding US 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.
Wahed Dow Jones Islamic World ETF trades on the NASDAQ stock market under the symbol UMMA.
As of September 4, 2026, UMMA stock price climbed to $37.64 with 36,129 million shares trading.
UMMA has a beta of 1.26, meaning it tends to be more sensitive to market movements. UMMA has a correlation of 0.48 to the broad based SPY ETF.
UMMA has a market cap of $297.36 million. This is considered a Small Cap stock.
In the last 3 years, UMMA traded as high as $41.53 and as low as $19.18.
UMMA has outperformed the market in the last year with a return of +44.5%, while the SPY ETF gained +19.8%. However, in the most recent history, UMMA shares have underperformed the stock market with its stock returning -3.5% in the last 3 month period and -0.8% for the last 2 week period, while SPY has returned +2.0% and +0.6%, respectively.
UMMA support price is $36.78 and resistance is $37.62 (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 UMMA shares will trade within this expected range on the day.
