iShares MSCI UAE ETF (NASDAQ:UAE) Short Interest Down 56.0% in June

iShares MSCI UAE ETF (NASDAQ:UAE) was the recipient of a large decline in short interest during 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 daily 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 Trading Down 0.7%

Shares of UAE traded down $0.13 on Thursday, reaching $19.07. 188,524 shares of the company’s stock traded hands, compared to its average volume of 551,563. The stock’s 50 day simple moving average is $19.20 and its two-hundred day simple moving average is $19.59. The stock has a market cap of $309.89 million, a PE ratio of 10.93 and a beta of 0.43. iShares MSCI UAE ETF has a 52-week low of $17.29 and a 52-week high of $22.29.

iShares MSCI UAE ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a dividend of $0.6631 per share. The ex-dividend date was Monday, June 15th.

Institutional Trading of iShares MSCI UAE ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in UAE. Sparta 24 Ltd. purchased a new position in iShares MSCI UAE ETF during the 1st quarter valued at about $22,211,000. HighTower Advisors LLC purchased a new position in iShares MSCI UAE ETF during the fourth quarter valued at approximately $8,870,000. Jane Street Group LLC increased its holdings in iShares MSCI UAE ETF by 682.5% during the 1st 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. Sei Investments Co. purchased a new stake in iShares MSCI UAE ETF in the 3rd quarter worth approximately $5,093,000. Finally, Royal Bank of Canada boosted its holdings in iShares MSCI UAE ETF by 430.3% in the 4th quarter. Royal Bank of Canada now owns 324,559 shares of the company’s stock valued at $6,205,000 after purchasing an additional 263,352 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.