iShares MSCI UAE ETF (NASDAQ:UAE – Get Free Report) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,226,867 shares, a drop of 56.9% from the May 31st total of 2,843,302 shares. Based on an average daily trading volume, of 389,223 shares, the short-interest ratio is presently 3.2 days. Approximately 8.3% of the shares of the company are short sold.
Hedge Funds Weigh In On iShares MSCI UAE ETF
Several institutional investors and hedge funds have recently bought and sold shares of UAE. Royal Bank of Canada increased its position in iShares MSCI UAE ETF by 60.6% in the first quarter. Royal Bank of Canada now owns 22,774 shares of the company’s stock worth $386,000 after buying an additional 8,594 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of iShares MSCI UAE ETF during the 1st quarter valued at $491,000. Jane Street Group LLC lifted its position in shares of iShares MSCI UAE ETF by 682.5% during the 1st quarter. Jane Street Group LLC now owns 399,295 shares of the company’s stock valued at $6,776,000 after buying an additional 348,264 shares during the last quarter. Marshall Wace LLP grew its stake in shares of iShares MSCI UAE ETF by 15.7% during the 2nd quarter. Marshall Wace LLP now owns 49,237 shares of the company’s stock worth $922,000 after acquiring an additional 6,683 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of iShares MSCI UAE ETF during the 2nd quarter worth $205,000.
iShares MSCI UAE ETF Price Performance
UAE opened at $19.24 on Monday. The stock has a market cap of $282.83 million, a price-to-earnings ratio of 10.93 and a beta of 0.42. iShares MSCI UAE ETF has a twelve month low of $17.29 and a twelve month high of $22.29. The company’s 50-day moving average price is $19.30 and its two-hundred day moving average price is $19.61.
iShares MSCI UAE ETF Dividend Announcement
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.
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