iShares MSCI UAE ETF (NASDAQ:UAE) Short Interest Update

iShares MSCI UAE ETF (NASDAQ:UAE) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 182,300 shares, an increase of 35.5% from the November 30th total of 134,500 shares. Based on an average trading volume of 67,300 shares, the short-interest ratio is currently 2.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of UAE. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of iShares MSCI UAE ETF by 13.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 256,688 shares of the company’s stock valued at $3,899,000 after buying an additional 30,851 shares during the period. Rhumbline Advisers raised 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. Finally, Panagora Asset Management Inc. purchased a new stake in iShares MSCI UAE ETF in the second quarter valued at $385,000.

iShares MSCI UAE ETF Price Performance

Shares of NASDAQ:UAE traded up $0.03 during midday trading on Monday, hitting $16.44. The company had a trading volume of 48,469 shares, compared to its average volume of 36,982. The business’s 50-day simple moving average is $15.51 and its 200-day simple moving average is $14.87. The stock has a market cap of $48.50 million, a price-to-earnings ratio of 8.94 and a beta of 0.64. iShares MSCI UAE ETF has a twelve month low of $13.24 and a twelve month high of $16.69.

iShares MSCI UAE ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.0188 per share. The ex-dividend date was Tuesday, December 17th.

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.