iShares MSCI BIC ETF (NYSEARCA:BKF) Sees Significant Increase in Short Interest

iShares MSCI BIC ETF (NYSEARCA:BKF) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 1,540 shares, an increase of 99.0% from the May 31st total of 774 shares. Based on an average trading volume of 19,570 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

iShares MSCI BIC ETF Stock Performance

Shares of iShares MSCI BIC ETF stock traded down $0.24 on Thursday, hitting $38.69. The stock had a trading volume of 8,045 shares, compared to its average volume of 13,226. iShares MSCI BIC ETF has a twelve month low of $38.39 and a twelve month high of $46.23. The firm has a market capitalization of $73.51 million, a P/E ratio of 14.95 and a beta of 0.41. The stock has a 50 day moving average of $40.70 and a 200 day moving average of $42.43.

Hedge Funds Weigh In On iShares MSCI BIC ETF

A number of hedge funds have recently bought and sold shares of BKF. Kestra Advisory Services LLC acquired a new position in iShares MSCI BIC ETF in the fourth quarter valued at $30,000. Fifth Third Bancorp bought a new position in shares of iShares MSCI BIC ETF in the 1st quarter worth about $37,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of iShares MSCI BIC ETF in the 4th quarter valued at about $44,000. Federation des caisses Desjardins du Quebec lifted its stake in shares of iShares MSCI BIC ETF by 308.1% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 2,073 shares of the company’s stock valued at $91,000 after purchasing an additional 1,565 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of iShares MSCI BIC ETF during the 2nd quarter valued at about $145,000.

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.