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

iShares MSCI UAE ETF (NASDAQ:UAE) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 2,843,302 shares, a growth of 145.1% from the May 14th total of 1,159,935 shares. Based on an average daily volume of 584,269 shares, the short-interest ratio is presently 4.9 days. Approximately 19.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Sparta 24 Ltd. acquired a new position in iShares MSCI UAE ETF during the first quarter worth $22,211,000. Mondrian Investment Partners LTD raised its stake in shares of iShares MSCI UAE ETF by 4.9% in the fourth quarter. Mondrian Investment Partners LTD now owns 707,227 shares of the company’s stock valued at $13,522,000 after acquiring an additional 33,035 shares in the last quarter. Jane Street Group LLC raised its stake in shares of iShares MSCI UAE ETF by 68.0% in the second quarter. Jane Street Group LLC now owns 670,818 shares of the company’s stock valued at $12,558,000 after acquiring an additional 271,523 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of iShares MSCI UAE ETF in the fourth quarter valued at $8,870,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of iShares MSCI UAE ETF by 4.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 376,970 shares of the company’s stock valued at $7,208,000 after acquiring an additional 15,379 shares in the last quarter.

iShares MSCI UAE ETF Stock Up 3.8%

NASDAQ:UAE traded up $0.72 during trading hours on Friday, reaching $19.62. 877,157 shares of the stock were exchanged, compared to its average volume of 601,740. The business has a 50-day moving average of $19.16 and a two-hundred day moving average of $19.53. iShares MSCI UAE ETF has a twelve month low of $16.99 and a twelve month high of $22.29. The company has a market capitalization of $288.41 million, a price-to-earnings ratio of 10.93 and a beta of 0.42.

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.