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

iShares MSCI BIC ETF (NYSEARCA:BKF) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 684 shares, a decline of 40.1% from the August 15th total of 1,141 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 3,185 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC raised its position in iShares MSCI BIC ETF by 62.5% in the second quarter. Citadel Advisors LLC now owns 59,885 shares of the company’s stock valued at $2,320,000 after purchasing an additional 23,033 shares during the period. Royal Bank of Canada grew its holdings in shares of iShares MSCI BIC ETF by 29.0% during the 1st quarter. Royal Bank of Canada now owns 7,862 shares of the company’s stock worth $320,000 after purchasing an additional 1,769 shares during the period. Fifth Third Bancorp purchased a new position in shares of iShares MSCI BIC ETF during the 1st quarter worth $37,000. Quantum Portfolio Management LLC acquired a new stake in shares of iShares MSCI BIC ETF during the 1st quarter worth about $1,343,000. Finally, Allianz SE increased its position in shares of iShares MSCI BIC ETF by 1.9% during the 4th quarter. Allianz SE now owns 303,229 shares of the company’s stock worth $13,284,000 after purchasing an additional 5,645 shares during the last quarter.

iShares MSCI BIC ETF Stock Down 1.3%

Shares of iShares MSCI BIC ETF stock traded down $0.51 during mid-day trading on Wednesday, hitting $39.05. The stock had a trading volume of 9,108 shares, compared to its average volume of 10,633. The firm has a 50-day moving average of $40.41 and a two-hundred day moving average of $40.81. The firm has a market cap of $41.39 million, a P/E ratio of 14.95 and a beta of 0.41. iShares MSCI BIC ETF has a 12-month low of $38.39 and a 12-month 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.