iShares MSCI UAE ETF (NASDAQ:UAE) Short Interest Up 81.7% in September

iShares MSCI UAE ETF (NASDAQ:UAE) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 206,800 shares, a growth of 81.7% from the September 15th total of 113,800 shares. Based on an average trading volume of 234,400 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 234,400 shares, the days-to-cover ratio is presently 0.9 days.

iShares MSCI UAE ETF Trading Up 0.6%

Shares of UAE stock opened at $19.69 on Thursday. iShares MSCI UAE ETF has a 1 year low of $14.68 and a 1 year high of $20.42. The firm’s fifty day simple moving average is $19.33 and its 200 day simple moving average is $18.75. The firm has a market capitalization of $144.72 million, a P/E ratio of 10.93 and a beta of 0.64.

Institutional Trading of iShares MSCI UAE ETF

Institutional investors have recently made changes to their positions in the business. Teacher Retirement System of Texas acquired a new position in iShares MSCI UAE ETF in the first quarter worth about $22,525,000. Jane Street Group LLC grew its stake in shares of iShares MSCI UAE ETF by 68.0% in the 2nd quarter. Jane Street Group LLC now owns 670,818 shares of the company’s stock valued at $12,558,000 after purchasing an additional 271,523 shares during the period. Moran Wealth Management LLC raised its holdings in shares of iShares MSCI UAE ETF by 3.1% in the 2nd quarter. Moran Wealth Management LLC now owns 476,245 shares of the company’s stock worth $8,915,000 after buying an additional 14,445 shares in the last quarter. Korea Investment CORP raised its holdings in shares of iShares MSCI UAE ETF by 173.6% in the 1st quarter. Korea Investment CORP now owns 461,352 shares of the company’s stock worth $7,829,000 after buying an additional 292,710 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of iShares MSCI UAE ETF by 9.7% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 334,412 shares of the company’s stock worth $6,260,000 after buying an additional 29,475 shares during the period.

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.