Short Interest in iShares MSCI UAE ETF (NASDAQ:UAE) Decreases By 32.0%

iShares MSCI UAE ETF (NASDAQ:UAE) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 380,000 shares, a decline of 32.0% from the February 13th total of 559,200 shares. Based on an average daily trading volume, of 136,900 shares, the days-to-cover ratio is currently 2.8 days. Currently, 8.4% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares MSCI UAE ETF

Several institutional investors have recently bought and sold shares of UAE. Bank of Montreal Can acquired a new position in shares of iShares MSCI UAE ETF during the fourth quarter worth $244,000. Marshall Wace LLP purchased a new position in shares of iShares MSCI UAE ETF in the fourth quarter valued at $259,000. Sunbelt Securities Inc. purchased a new position in shares of iShares MSCI UAE ETF in the fourth quarter valued at $367,000. Zacks Investment Management purchased a new position in shares of iShares MSCI UAE ETF in the fourth quarter valued at $452,000. Finally, Citadel Advisors LLC purchased a new position in shares of iShares MSCI UAE ETF in the fourth quarter valued at $700,000.

iShares MSCI UAE ETF Stock Up 1.1 %

UAE opened at $16.97 on Friday. iShares MSCI UAE ETF has a 52-week low of $13.25 and a 52-week high of $17.69. The company has a 50 day moving average of $17.12 and a two-hundred day moving average of $15.98. The company has a market cap of $77.21 million, a P/E ratio of 9.75 and a beta of 0.64.

iShares MSCI UAE ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.0188 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

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.