Short Interest in iShares MSCI UAE ETF (NASDAQ:UAE) Drops By 56.0%

iShares MSCI UAE ETF (NASDAQ:UAE) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 539,318 shares, a decline of 56.0% from the June 15th total of 1,226,867 shares. Based on an average trading volume of 384,732 shares, the short-interest ratio is presently 1.4 days. Approximately 3.3% of the shares of the company are short sold.

iShares MSCI UAE ETF Stock Down 1.7%

Shares of NASDAQ:UAE opened at $19.14 on Tuesday. The firm has a market capitalization of $311.02 million, a PE ratio of 10.93 and a beta of 0.43. iShares MSCI UAE ETF has a twelve month low of $17.29 and a twelve month high of $22.29. The company has a 50-day moving average price of $19.21 and a two-hundred day moving average price of $19.59.

iShares MSCI UAE ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a dividend of $0.6631 per share. The ex-dividend date was Monday, June 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada raised its holdings in iShares MSCI UAE ETF by 60.6% during the 1st quarter. Royal Bank of Canada now owns 22,774 shares of the company’s stock valued at $386,000 after acquiring an additional 8,594 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of iShares MSCI UAE ETF in the first quarter worth $491,000. Jane Street Group LLC boosted its holdings in shares of iShares MSCI UAE ETF by 682.5% in the first quarter. Jane Street Group LLC now owns 399,295 shares of the company’s stock worth $6,776,000 after acquiring an additional 348,264 shares during the period. Marshall Wace LLP grew its position in shares of iShares MSCI UAE ETF by 15.7% in the second quarter. Marshall Wace LLP now owns 49,237 shares of the company’s stock valued at $922,000 after purchasing an additional 6,683 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of iShares MSCI UAE ETF in the second quarter valued at $205,000.

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.