iShares MSCI BIC ETF (NYSEARCA:BKF) Sees Large Decrease in Short Interest

iShares MSCI BIC ETF (NYSEARCA:BKF) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 774 shares, a decrease of 50.5% from the May 14th total of 1,563 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 11,496 shares, the short-interest ratio is currently 0.1 days.

iShares MSCI BIC ETF Price Performance

Shares of BKF stock traded up $0.35 on Friday, hitting $39.97. The stock had a trading volume of 31,366 shares, compared to its average volume of 12,574. The business has a 50 day moving average of $41.45 and a 200 day moving average of $42.91. The stock has a market cap of $85.94 million, a price-to-earnings ratio of 14.95 and a beta of 0.40. iShares MSCI BIC ETF has a 12-month low of $38.97 and a 12-month high of $46.23.

Hedge Funds Weigh In On iShares MSCI BIC ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its position in iShares MSCI BIC ETF by 29.0% during the first quarter. Royal Bank of Canada now owns 7,862 shares of the company’s stock valued at $320,000 after buying an additional 1,769 shares during the period. Fifth Third Bancorp bought a new position in iShares MSCI BIC ETF during the first quarter valued at about $37,000. Quantum Portfolio Management LLC bought a new position in iShares MSCI BIC ETF during the first quarter valued at about $1,343,000. Osaic Holdings Inc. boosted its position in iShares MSCI BIC ETF by 60.5% during the fourth 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 period. Finally, Kestra Advisory Services LLC bought a new position in iShares MSCI BIC ETF during the fourth quarter worth about $30,000.

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.