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

iShares MSCI BIC ETF (NYSEARCA:BKF) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 23,491 shares, a decline of 32.7% from the February 12th total of 34,918 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 13,385 shares, the days-to-cover ratio is currently 1.8 days. Based on an average daily trading volume, of 13,385 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.1% of the company’s shares are sold short.

iShares MSCI BIC ETF Trading Down 0.4%

Shares of NYSEARCA BKF traded down $0.15 on Friday, reaching $41.46. 1,295 shares of the company traded hands, compared to its average volume of 10,222. The stock has a market capitalization of $87.07 million, a PE 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. The company has a 50 day moving average of $44.25 and a 200 day moving average of $44.46.

Hedge Funds Weigh In On iShares MSCI BIC ETF

A number of large investors have recently bought and sold shares of the stock. Abound Wealth Management purchased a new stake in shares of iShares MSCI BIC ETF during the 3rd quarter valued at $29,000. Kestra Advisory Services LLC purchased a new position in shares of iShares MSCI BIC ETF in the 4th quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares MSCI BIC ETF in the 4th quarter worth $44,000. Bank of America Corp DE boosted its holdings in iShares MSCI BIC ETF by 4.4% in the third quarter. Bank of America Corp DE now owns 24,342 shares of the company’s stock valued at $1,101,000 after acquiring an additional 1,028 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec boosted its holdings in iShares MSCI BIC ETF by 308.1% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,073 shares of the company’s stock valued at $91,000 after acquiring an additional 1,565 shares during the last quarter.

About iShares MSCI BIC ETF

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.