iShares MSCI UAE ETF (NASDAQ:UAE) Short Interest Down 63.6% in January

iShares MSCI UAE ETF (NASDAQ:UAE) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 66,400 shares, a drop of 63.6% from the December 31st total of 182,300 shares. Based on an average trading volume of 74,200 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new stake in shares of iShares MSCI UAE ETF during the fourth quarter worth about $1,804,000. Yousif Capital Management LLC raised its holdings in iShares MSCI UAE ETF by 6.4% during the 4th quarter. Yousif Capital Management LLC now owns 123,991 shares of the company’s stock worth $2,041,000 after buying an additional 7,500 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in iShares MSCI UAE ETF by 13.7% in the third 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 in the last quarter.

iShares MSCI UAE ETF Stock Down 0.9 %

Shares of iShares MSCI UAE ETF stock traded down $0.15 during trading on Wednesday, reaching $17.07. 89,648 shares of the company were exchanged, compared to its average volume of 131,236. The business has a 50-day moving average price of $16.21 and a 200-day moving average price of $15.35. The firm has a market capitalization of $74.25 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 $17.29.

iShares MSCI UAE ETF Announces Dividend

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