iShares MSCI UAE ETF (NASDAQ:UAE) Short Interest Up 67.5% in September

iShares MSCI UAE ETF (NASDAQ:UAE) saw a significant increase in short interest in September. As of September 15th, there was short interest totalling 168,800 shares, an increase of 67.5% from the August 31st total of 100,800 shares. Based on an average daily volume of 30,800 shares, the days-to-cover ratio is currently 5.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UAE. Moneda S.A. Administradora General de Fondos purchased a new position in shares of iShares MSCI UAE ETF during the first quarter worth about $229,000. Panagora Asset Management Inc. acquired a new position in shares of iShares MSCI UAE ETF in the second quarter valued at approximately $385,000. Comerica Bank increased its stake in shares of iShares MSCI UAE ETF by 8.0% during the first quarter. Comerica Bank now owns 108,997 shares of the company’s stock worth $1,612,000 after acquiring an additional 8,050 shares during the period. Yousif Capital Management LLC raised its holdings in iShares MSCI UAE ETF by 8.0% during the first quarter. Yousif Capital Management LLC now owns 108,997 shares of the company’s stock worth $1,612,000 after purchasing an additional 8,050 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in iShares MSCI UAE ETF by 1.1% in the second quarter. Rhumbline Advisers now owns 278,073 shares of the company’s stock valued at $3,824,000 after purchasing an additional 2,901 shares during the period.

iShares MSCI UAE ETF Stock Down 0.1 %

UAE traded down $0.01 on Friday, reaching $15.43. The company had a trading volume of 31,951 shares, compared to its average volume of 26,017. iShares MSCI UAE ETF has a 1 year low of $13.24 and a 1 year high of $15.69. The stock has a market capitalization of $37.03 million, a PE ratio of 8.94 and a beta of 0.64. The stock has a 50-day moving average price of $14.82 and a 200-day moving average price of $14.44.

iShares MSCI UAE ETF Company Profile

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.