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

iShares MSCI UAE ETF (NASDAQ:UAE) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 539,318 shares, a decrease of 56.0% from the June 15th total of 1,226,867 shares. Approximately 3.3% of the company’s stock are sold short. Based on an average trading volume of 384,732 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in UAE. Raymond James Financial Inc. acquired a new stake in shares of iShares MSCI UAE ETF during the 2nd quarter valued at $205,000. J. Safra Sarasin Holding AG purchased a new position in shares of iShares MSCI UAE ETF during the 1st quarter valued at $255,000. Cetera Investment Advisers acquired a new position in shares of iShares MSCI UAE ETF in the fourth quarter worth $354,000. Financial & Tax Architects LLC purchased a new stake in shares of iShares MSCI UAE ETF during the first quarter worth $391,000. Finally, Royal Bank of Canada raised its holdings in shares of iShares MSCI UAE ETF by 60.6% during the first quarter. Royal Bank of Canada now owns 22,774 shares of the company’s stock worth $386,000 after acquiring an additional 8,594 shares in the last quarter.

iShares MSCI UAE ETF Trading Down 0.4%

NASDAQ:UAE traded down $0.07 on Wednesday, hitting $19.18. 128,648 shares of the company’s stock traded hands, compared to its average volume of 554,251. iShares MSCI UAE ETF has a 1 year low of $17.29 and a 1 year high of $22.29. The firm has a 50-day moving average price of $19.21 and a 200-day moving average price of $19.59. The company has a market cap of $311.68 million, a PE ratio of 10.93 and a beta of 0.43.

iShares MSCI UAE ETF Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a dividend of $0.6631 per share. The ex-dividend date was Monday, June 15th.

iShares MSCI UAE ETF Company Profile

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.