iShares MSCI UAE ETF (NASDAQ:UAE) Short Interest Update

iShares MSCI UAE ETF (NASDAQ:UAE) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 182,300 shares, a growth of 35.5% from the November 30th total of 134,500 shares. Based on an average daily trading volume, of 67,300 shares, the short-interest ratio is currently 2.7 days.

iShares MSCI UAE ETF Stock Down 0.8 %

Shares of UAE stock traded down $0.13 on Friday, hitting $16.41. The company had a trading volume of 35,160 shares, compared to its average volume of 36,943. The firm has a market cap of $48.41 million, a P/E ratio of 8.94 and a beta of 0.64. iShares MSCI UAE ETF has a twelve month low of $13.24 and a twelve month high of $16.69. The company has a 50-day moving average price of $15.51 and a 200-day moving average price of $14.85.

iShares MSCI UAE ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a $0.0188 dividend. The ex-dividend date was Tuesday, December 17th.

Institutional Investors Weigh In On iShares MSCI UAE ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Panagora Asset Management Inc. purchased a new stake in iShares MSCI UAE ETF during the second quarter worth $385,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of iShares MSCI UAE ETF by 13.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 256,688 shares of the company’s stock worth $3,899,000 after acquiring an additional 30,851 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of iShares MSCI UAE ETF by 1.1% during the 2nd quarter. Rhumbline Advisers now owns 278,073 shares of the company’s stock worth $3,824,000 after acquiring an additional 2,901 shares in the last quarter.

About iShares MSCI UAE ETF

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.