iShares MSCI BIC ETF (NYSEARCA:BKF) Sees Significant Increase in Short Interest

iShares MSCI BIC ETF (NYSEARCA:BKF) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 40,638 shares, an increase of 31.1% from the January 15th total of 30,993 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average trading volume of 11,069 shares, the days-to-cover ratio is presently 3.7 days. Based on an average trading volume of 11,069 shares, the days-to-cover ratio is presently 3.7 days. Approximately 1.9% of the shares of the stock are short sold.

Institutional Trading of iShares MSCI BIC ETF

Large investors have recently bought and sold shares of the business. Allianz SE lifted its position in iShares MSCI BIC ETF by 0.7% during the second quarter. Allianz SE now owns 292,052 shares of the company’s stock worth $12,108,000 after buying an additional 2,049 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of iShares MSCI BIC ETF by 231.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 33,346 shares of the company’s stock worth $1,382,000 after acquiring an additional 23,285 shares during the period. Raymond James Financial Inc. acquired a new position in shares of iShares MSCI BIC ETF during the 2nd quarter valued at about $145,000. Kestra Advisory Services LLC purchased a new stake in shares of iShares MSCI BIC ETF in the fourth quarter valued at about $30,000. Finally, Federation des caisses Desjardins du Quebec grew its stake in shares of iShares MSCI BIC ETF by 308.1% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 2,073 shares of the company’s stock valued at $91,000 after buying an additional 1,565 shares during the period.

iShares MSCI BIC ETF Stock Performance

Shares of BKF stock opened at $44.40 on Monday. The stock’s fifty day moving average is $44.54 and its two-hundred day moving average is $44.34. The firm has a market capitalization of $93.24 million, a P/E ratio of 14.95 and a beta of 0.38. iShares MSCI BIC ETF has a fifty-two week low of $34.69 and a fifty-two week high of $46.23.

iShares MSCI BIC ETF Company Profile

iShares MSCI BRIC ETF (the Fund), formerly iShares MSCI BRIC Index Fund, is an exchange-traded fund (ETF). The Fund is an exchange-traded fund that seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI BRIC Index (the Index). The Index is a free float-adjusted market capitalization index that is designed to measure the combined equity market performance in Brazil, Russia, India and China (BRIC). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.