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 in the month of February. As of February 15th, there was short interest totalling 559,200 shares, a growth of 240.6% from the January 31st total of 164,200 shares. Based on an average daily volume of 124,900 shares, the days-to-cover ratio is presently 4.5 days.

iShares MSCI UAE ETF Price Performance

NASDAQ:UAE traded up $0.03 during trading hours on Friday, reaching $17.45. 392,551 shares of the stock were exchanged, compared to its average volume of 142,194. iShares MSCI UAE ETF has a twelve month low of $13.24 and a twelve month high of $17.69. The firm has a 50 day moving average of $17.02 and a 200 day moving average of $15.82. The stock has a market cap of $79.40 million, a PE ratio of 10.76 and a beta of 0.64.

iShares MSCI UAE ETF Dividend Announcement

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

Institutional Investors Weigh In On iShares MSCI UAE ETF

Large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. bought a new stake in iShares MSCI UAE ETF in the 4th quarter valued at $1,804,000. Yousif Capital Management LLC raised its stake in iShares MSCI UAE ETF by 6.4% in the 4th quarter. Yousif Capital Management LLC now owns 123,991 shares of the company’s stock valued at $2,041,000 after acquiring an additional 7,500 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in iShares MSCI UAE ETF by 4.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 269,024 shares of the company’s stock valued at $4,428,000 after acquiring an additional 12,336 shares during the period. Sanctuary Advisors LLC bought a new stake in iShares MSCI UAE ETF in the 4th quarter valued at $780,000. Finally, Wellington Management Group LLP raised its stake in iShares MSCI UAE ETF by 94.3% in the 4th quarter. Wellington Management Group LLP now owns 136,210 shares of the company’s stock valued at $2,242,000 after acquiring an additional 66,105 shares during the period.

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.