iShares MSCI BIC ETF (NYSEARCA:BKF – Get Free Report) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 774 shares, a decline of 50.5% from the May 14th total of 1,563 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 11,496 shares, the short-interest ratio is currently 0.1 days.
Institutional Investors Weigh In On iShares MSCI BIC ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its position in iShares MSCI BIC ETF by 29.0% in the first quarter. Royal Bank of Canada now owns 7,862 shares of the company’s stock valued at $320,000 after purchasing an additional 1,769 shares during the period. Fifth Third Bancorp purchased a new position in shares of iShares MSCI BIC ETF during the 1st quarter worth $37,000. Quantum Portfolio Management LLC acquired a new stake in shares of iShares MSCI BIC ETF during the 1st quarter worth about $1,343,000. Osaic Holdings Inc. increased its position in shares of iShares MSCI BIC ETF by 60.5% during the 4th quarter. Osaic Holdings Inc. now owns 7,272 shares of the company’s stock worth $319,000 after purchasing an additional 2,742 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in iShares MSCI BIC ETF in the 4th quarter valued at about $30,000.
iShares MSCI BIC ETF Trading Up 0.9%
Shares of iShares MSCI BIC ETF stock opened at $39.97 on Friday. The firm has a market capitalization of $85.94 million, a PE ratio of 14.95 and a beta of 0.40. The firm’s 50-day moving average price is $41.45 and its 200 day moving average price is $42.92. iShares MSCI BIC ETF has a twelve month low of $38.97 and a twelve month high of $46.23.
About iShares MSCI BIC ETF
iShares MSCI BRIC ETF (the Fund), formerly iShares MSCI BRIC Index Fund, is an exchange-traded fund (ETF). The Fund is an exchange-traded fund that seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI BRIC Index (the Index). The Index is a free float-adjusted market capitalization index that is designed to measure the combined equity market performance in Brazil, Russia, India and China (BRIC). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
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