iShares MSCI UAE ETF (NASDAQ:UAE) Sees Significant Growth in Short Interest

iShares MSCI UAE ETF (NASDAQ:UAE) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 168,800 shares, an increase of 67.5% from the August 31st total of 100,800 shares. Based on an average daily volume of 30,800 shares, the days-to-cover ratio is currently 5.5 days.

Institutional Trading of iShares MSCI UAE ETF

A number of institutional investors have recently modified their holdings of the company. Rhumbline Advisers lifted its stake in shares of iShares MSCI UAE ETF by 1.1% during the second quarter. Rhumbline Advisers now owns 278,073 shares of the company’s stock worth $3,824,000 after purchasing an additional 2,901 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in iShares MSCI UAE ETF by 8.0% in the 1st quarter. Yousif Capital Management LLC now owns 108,997 shares of the company’s stock worth $1,612,000 after acquiring an additional 8,050 shares during the period. Comerica Bank boosted its holdings in iShares MSCI UAE ETF by 8.0% in the 1st quarter. Comerica Bank now owns 108,997 shares of the company’s stock worth $1,612,000 after acquiring an additional 8,050 shares during the period. Moneda S.A. Administradora General de Fondos purchased a new stake in shares of iShares MSCI UAE ETF during the first quarter valued at approximately $229,000. Finally, Panagora Asset Management Inc. acquired a new position in shares of iShares MSCI UAE ETF during the second quarter worth $385,000.

iShares MSCI UAE ETF Price Performance

UAE stock traded down $0.01 during trading on Friday, reaching $15.43. 31,951 shares of the stock traded hands, compared to its average volume of 26,017. The business’s 50 day moving average price is $14.82 and its 200-day moving average price is $14.44. The firm has a market capitalization of $37.03 million, a PE ratio of 8.94 and a beta of 0.64. iShares MSCI UAE ETF has a 52-week low of $13.24 and a 52-week high of $15.69.

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.