iShares MSCI BIC ETF (NYSEARCA:BKF) Short Interest Down 51.4% in April

iShares MSCI BIC ETF (NYSEARCA:BKF) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,819 shares, a decrease of 51.4% from the April 15th total of 3,743 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 8,314 shares, the days-to-cover ratio is currently 0.2 days.

iShares MSCI BIC ETF Stock Down 2.8%

NYSEARCA BKF traded down $1.18 on Friday, reaching $40.76. The company had a trading volume of 123,922 shares, compared to its average volume of 11,851. The stock’s 50 day moving average is $41.76 and its 200-day moving average is $43.60. The stock has a market cap of $87.63 million, a price-to-earnings ratio of 14.95 and a beta of 0.42. iShares MSCI BIC ETF has a 52 week low of $39.51 and a 52 week high of $46.23.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BKF. Raymond James Financial Inc. acquired a new position in iShares MSCI BIC ETF in the second quarter valued at about $145,000. Benjamin Edwards Inc. grew its stake in iShares MSCI BIC ETF by 15.5% in the second quarter. Benjamin Edwards Inc. now owns 28,983 shares of the company’s stock valued at $1,202,000 after acquiring an additional 3,899 shares during the period. Allianz SE grew its stake in iShares MSCI BIC ETF by 1.9% in the third quarter. Allianz SE now owns 297,584 shares of the company’s stock valued at $13,460,000 after acquiring an additional 5,532 shares during the period. Consolidated Portfolio Review Corp acquired a new position in iShares MSCI BIC ETF in the third quarter valued at about $316,000. Finally, Creative Planning acquired a new position in iShares MSCI BIC ETF in the third quarter valued at about $201,000.

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.