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

iShares MSCI UAE ETF (NASDAQ:UAE) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 559,200 shares, a growth of 240.6% from the January 31st total of 164,200 shares. Based on an average daily trading volume, of 124,900 shares, the short-interest ratio is presently 4.5 days.

iShares MSCI UAE ETF Trading Down 0.3 %

Shares of UAE stock opened at $17.42 on Friday. iShares MSCI UAE ETF has a twelve month low of $13.24 and a twelve month high of $17.69. The company has a market capitalization of $79.26 million, a price-to-earnings ratio of 10.76 and a beta of 0.64. The firm has a 50-day moving average price of $16.99 and a 200 day moving average price of $15.80.

iShares MSCI UAE ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.0188 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

Hedge Funds Weigh In On iShares MSCI UAE ETF

Large investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP acquired a new position in shares of iShares MSCI UAE ETF in the 4th quarter valued at about $3,409,000. Bank of America Corp DE boosted its position in shares of iShares MSCI UAE ETF by 2,696.8% in the fourth quarter. Bank of America Corp DE now owns 173,401 shares of the company’s stock worth $2,854,000 after buying an additional 167,201 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of iShares MSCI UAE ETF during the 4th quarter valued at about $1,804,000. Wellington Management Group LLP raised its holdings in shares of iShares MSCI UAE ETF by 94.3% during the 4th quarter. Wellington Management Group LLP now owns 136,210 shares of the company’s stock valued at $2,242,000 after buying an additional 66,105 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in iShares MSCI UAE ETF during the 4th quarter worth approximately $780,000.

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.