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

iShares MSCI UAE ETF (NASDAQ:UAE) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 351,248 shares, a decline of 38.0% from the July 15th total of 566,513 shares. Based on an average daily trading volume, of 166,522 shares, the days-to-cover ratio is presently 2.1 days. Approximately 2.2% of the shares of the stock are short sold.

Institutional Trading of iShares MSCI UAE ETF

A number of institutional investors have recently added to or reduced their stakes in UAE. Royal Bank of Canada grew its position in 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 buying an additional 8,594 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of iShares MSCI UAE ETF during the 1st quarter worth approximately $491,000. Jane Street Group LLC grew its holdings in shares of iShares MSCI UAE ETF by 682.5% in the 1st quarter. Jane Street Group LLC now owns 399,295 shares of the company’s stock worth $6,776,000 after acquiring an additional 348,264 shares during the period. Marshall Wace LLP grew its holdings in shares of iShares MSCI UAE ETF by 15.7% in the 2nd quarter. Marshall Wace LLP now owns 49,237 shares of the company’s stock worth $922,000 after acquiring an additional 6,683 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in iShares MSCI UAE ETF in the 2nd quarter valued at approximately $205,000.

iShares MSCI UAE ETF Stock Performance

NASDAQ:UAE traded up $0.17 during trading hours on Tuesday, hitting $19.69. The company’s stock had a trading volume of 14,831 shares, compared to its average volume of 499,922. The business’s 50-day moving average is $19.31 and its two-hundred day moving average is $19.51. The company has a market capitalization of $319.96 million, a PE ratio of 10.93 and a beta of 0.43. iShares MSCI UAE ETF has a 52-week low of $17.29 and a 52-week high of $22.29.

iShares MSCI UAE ETF Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $0.6631 dividend. 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.