Short Interest in iShares MSCI UAE ETF (NASDAQ:UAE) Grows By 58.7%

iShares MSCI UAE ETF (NASDAQ:UAE) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 155,700 shares, a growth of 58.7% from the May 31st total of 98,100 shares. Based on an average daily volume of 25,200 shares, the short-interest ratio is currently 6.2 days.

Institutional Investors Weigh In On iShares MSCI UAE ETF

Several large investors have recently added to or reduced their stakes in UAE. Sunbelt Securities Inc. acquired a new position in shares of iShares MSCI UAE ETF in the 3rd quarter valued at about $234,000. Moneda S.A. Administradora General de Fondos acquired a new stake in shares of iShares MSCI UAE ETF in the first quarter valued at $229,000. Comerica Bank raised its stake in shares of iShares MSCI UAE ETF by 3.5% in the fourth quarter. Comerica Bank now owns 100,947 shares of the company’s stock valued at $1,500,000 after acquiring an additional 3,445 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in iShares MSCI UAE ETF by 3.6% during the 4th quarter. Yousif Capital Management LLC now owns 100,947 shares of the company’s stock worth $1,500,000 after buying an additional 3,500 shares during the last quarter. Finally, Glovista Investments LLC lifted its holdings in shares of iShares MSCI UAE ETF by 49.2% in the 3rd quarter. Glovista Investments LLC now owns 194,040 shares of the company’s stock valued at $2,997,000 after purchasing an additional 63,980 shares during the last quarter.

iShares MSCI UAE ETF Trading Up 1.4 %

NASDAQ:UAE traded up $0.19 during trading hours on Friday, hitting $13.75. 7,399 shares of the company traded hands, compared to its average volume of 23,125. The stock has a market capitalization of $37.13 million, a price-to-earnings ratio of 8.94 and a beta of 0.64. iShares MSCI UAE ETF has a twelve month low of $13.24 and a twelve month high of $15.69. The firm has a 50-day moving average of $14.01 and a 200 day moving average of $14.51.

iShares MSCI UAE ETF Announces Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were given a $0.5276 dividend. The ex-dividend date of this dividend was Tuesday, June 11th.

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.