iShares MSCI UAE ETF (NASDAQ:UAE) Sees Significant Increase in Short Interest

iShares MSCI UAE ETF (NASDAQ:UAE) was the target of a significant 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 trading volume of 25,200 shares, the days-to-cover ratio is presently 6.2 days.

iShares MSCI UAE ETF Stock Performance

Shares of UAE traded up $0.12 during mid-day trading on Friday, hitting $13.68. 6,719 shares of the company traded hands, compared to its average volume of 23,120. iShares MSCI UAE ETF has a 1 year low of $13.24 and a 1 year high of $15.69. The stock has a 50-day moving average price of $14.02 and a two-hundred day moving average price of $14.51. The stock has a market cap of $36.94 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. Stockholders of record on Tuesday, June 11th were given a dividend of $0.5276 per share. The ex-dividend date was Tuesday, June 11th.

Institutional Trading of iShares MSCI UAE ETF

A number of large investors have recently made changes to their positions in the stock. Yousif Capital Management LLC increased its position in iShares MSCI UAE ETF by 3.6% during the 4th quarter. Yousif Capital Management LLC now owns 100,947 shares of the company’s stock valued at $1,500,000 after purchasing an additional 3,500 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in iShares MSCI UAE ETF by 1.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 206,099 shares of the company’s stock worth $3,063,000 after acquiring an additional 2,089 shares in the last quarter. Rhumbline Advisers grew its stake in shares of iShares MSCI UAE ETF by 6.3% during the third quarter. Rhumbline Advisers now owns 208,972 shares of the company’s stock worth $3,195,000 after acquiring an additional 12,360 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in iShares MSCI UAE ETF in the 3rd quarter worth approximately $234,000. Finally, Glovista Investments LLC raised its holdings in shares of iShares MSCI UAE ETF by 49.2% in the third quarter. Glovista Investments LLC now owns 194,040 shares of the company’s stock worth $2,997,000 after buying an additional 63,980 shares during the last quarter.

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.