UMMA is trading 3.1% higher at $36.77 in pre-market action as global risk appetite improves following a sharp drop in oil prices and easing tensions in the Gulf region.
- The move aligns with stronger S&P 500, Nasdaq, and Dow futures, supporting a broad rebound in global equities.
- The Shariah-compliant ETF is benefiting from a shift back into risk assets and cyclical sectors as geopolitical pressures subside.