iShares MSCI BIC ETF (NYSEARCA:BKF) Stock Short Interest Falls 36.4%

iShares MSCI BIC ETF (NYSEARCA:BKF) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 435 shares, a drop of 36.4% from the August 31st total of 684 shares. Based on an average trading volume of 2,150 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

iShares MSCI BIC ETF Stock Performance

Shares of iShares MSCI BIC ETF stock traded down $0.40 during midday trading on Friday, hitting $38.37. The company had a trading volume of 778 shares, compared to its average volume of 10,736. iShares MSCI BIC ETF has a 52-week low of $38.39 and a 52-week high of $46.23. The company has a 50 day moving average of $40.31 and a 200 day moving average of $40.56. The stock has a market capitalization of $65.22 million, a P/E ratio of 14.95 and a beta of 0.41.

Hedge Funds Weigh In On iShares MSCI BIC ETF

Several large investors have recently modified their holdings of the stock. Fifth Third Bancorp bought a new position in shares of iShares MSCI BIC ETF during the 1st quarter worth about $37,000. Royal Bank of Canada increased its holdings in shares of iShares MSCI BIC ETF by 29.0% in the 1st quarter. Royal Bank of Canada now owns 7,862 shares of the company’s stock worth $320,000 after buying an additional 1,769 shares during the last quarter. Quantum Portfolio Management LLC purchased a new position in iShares MSCI BIC ETF during the first quarter valued at $1,343,000. Citadel Advisors LLC increased 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 worth $2,320,000 after buying an additional 23,033 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in iShares MSCI BIC ETF by 185.1% in the second quarter. Envestnet Asset Management Inc. now owns 61,718 shares of the company’s stock worth $2,391,000 after purchasing an additional 40,070 shares during the last quarter.

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.