Short Interest in iShares MSCI UAE ETF (NASDAQ:UAE) Rises By 240.6%

iShares MSCI UAE ETF (NASDAQ:UAE) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 559,200 shares, a growth of 240.6% from the January 31st total of 164,200 shares. Based on an average trading volume of 124,900 shares, the short-interest ratio is currently 4.5 days.

Institutional Investors Weigh In On iShares MSCI UAE ETF

A number of hedge funds have recently modified their holdings of the business. Sunbelt Securities Inc. acquired a new stake in shares of iShares MSCI UAE ETF in the fourth quarter valued at about $367,000. Wexford Capital LP acquired a new stake in iShares MSCI UAE ETF during the fourth quarter worth about $710,000. Nissay Asset Management Corp Japan ADV increased its position in iShares MSCI UAE ETF by 4.3% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 96,922 shares of the company’s stock worth $1,590,000 after purchasing an additional 4,000 shares during the last quarter. Citadel Advisors LLC acquired a new stake in iShares MSCI UAE ETF during the fourth quarter worth about $700,000. Finally, Bank of America Corp DE increased its position in iShares MSCI UAE ETF by 2,696.8% during the fourth quarter. Bank of America Corp DE now owns 173,401 shares of the company’s stock worth $2,854,000 after purchasing an additional 167,201 shares during the last quarter.

iShares MSCI UAE ETF Stock Performance

NASDAQ:UAE opened at $17.45 on Friday. The company has a fifty day moving average of $17.02 and a two-hundred day moving average of $15.83. The stock has a market capitalization of $79.40 million, a PE ratio of 10.76 and a beta of 0.64. iShares MSCI UAE ETF has a fifty-two week low of $13.24 and a fifty-two week high of $17.69.

iShares MSCI UAE ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given 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.