Short Interest in iShares MSCI UAE ETF (NASDAQ:UAE) Increases By 58.7%

iShares MSCI UAE ETF (NASDAQ:UAE) was the target of a large growth in short interest in June. As of June 15th, there was short interest totalling 155,700 shares, a growth of 58.7% from the May 31st total of 98,100 shares. Based on an average daily trading volume, of 25,200 shares, the short-interest ratio is presently 6.2 days.

iShares MSCI UAE ETF Stock Performance

UAE traded up $0.19 on Friday, reaching $13.75. 7,399 shares of the company’s stock were exchanged, compared to its average volume of 23,125. iShares MSCI UAE ETF has a twelve month low of $13.24 and a twelve month high of $15.69. The company’s 50 day moving average is $14.01 and its 200-day moving average is $14.51. The company has a market cap of $37.13 million, a price-to-earnings ratio of 8.94 and a beta of 0.64.

iShares MSCI UAE ETF Dividend Announcement

The business also recently announced a Semi-Annual dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were given a $0.5276 dividend. The ex-dividend date of this dividend was Tuesday, June 11th.

Hedge Funds Weigh In On iShares MSCI UAE ETF

A number of hedge funds and other institutional investors have recently modified their holdings of UAE. Glovista Investments LLC boosted its position in iShares MSCI UAE ETF by 49.2% during the 3rd quarter. Glovista Investments LLC now owns 194,040 shares of the company’s stock worth $2,997,000 after acquiring an additional 63,980 shares during the period. Moneda S.A. Administradora General de Fondos acquired a new stake in shares of iShares MSCI UAE ETF during the 1st quarter valued at about $229,000. Sunbelt Securities Inc. acquired a new stake in shares of iShares MSCI UAE ETF during the 3rd quarter valued at about $234,000. Rhumbline Advisers raised its stake in shares of iShares MSCI UAE ETF by 6.3% in the 3rd quarter. Rhumbline Advisers now owns 208,972 shares of the company’s stock valued at $3,195,000 after acquiring an additional 12,360 shares in the last quarter. Finally, Comerica Bank increased its position in iShares MSCI UAE ETF by 8.0% in the 1st quarter. Comerica Bank now owns 108,997 shares of the company’s stock worth $1,612,000 after buying an additional 8,050 shares during the period.

About iShares MSCI UAE ETF

The iShares MSCI UAE ETF (UAE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index of large-, mid and small-cap UAE companies. UAE was launched on Apr 29, 2014 and is managed by BlackRock.