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

iShares MSCI UAE ETF (NASDAQ:UAE) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 160,000 shares, a growth of 33.9% from the October 31st total of 119,500 shares. Based on an average daily trading volume, of 50,400 shares, the short-interest ratio is currently 3.2 days.

iShares MSCI UAE ETF Price Performance

NASDAQ:UAE traded up $0.07 during mid-day trading on Friday, reaching $15.55. The stock had a trading volume of 75,066 shares, compared to its average volume of 31,846. The stock has a market cap of $45.88 million, a P/E ratio of 8.94 and a beta of 0.64. The business’s 50 day moving average is $15.15 and its 200 day moving average is $14.58. iShares MSCI UAE ETF has a fifty-two week low of $13.24 and a fifty-two week high of $15.59.

Institutional Trading of iShares MSCI UAE ETF

A number of institutional investors and hedge funds have recently modified their holdings of UAE. Rhumbline Advisers increased its position in iShares MSCI UAE ETF by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 278,073 shares of the company’s stock worth $3,824,000 after buying an additional 2,901 shares during the period. Comerica Bank increased its position in iShares MSCI UAE ETF by 8.0% in the 1st quarter. Comerica Bank now owns 108,997 shares of the company’s stock worth $1,612,000 after buying an additional 8,050 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in iShares MSCI UAE ETF by 13.7% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 256,688 shares of the company’s stock worth $3,899,000 after buying an additional 30,851 shares during the period. Finally, Panagora Asset Management Inc. bought a new position in iShares MSCI UAE ETF in the 2nd quarter worth approximately $385,000.

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.