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

iShares MSCI UAE ETF (NASDAQ:UAE) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 66,400 shares, a drop of 63.6% from the December 15th total of 182,300 shares. Based on an average daily volume of 74,200 shares, the short-interest ratio is presently 0.9 days.

iShares MSCI UAE ETF Price Performance

NASDAQ:UAE opened at $16.74 on Tuesday. The company has a market cap of $69.47 million, a price-to-earnings ratio of 8.94 and a beta of 0.64. iShares MSCI UAE ETF has a 1 year low of $13.24 and a 1 year high of $16.80. The stock’s 50 day simple moving average is $15.84 and its two-hundred day simple moving average is $15.10.

iShares MSCI UAE ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were paid a dividend of $0.0188 per share. The ex-dividend date was Tuesday, December 17th.

Institutional Trading of iShares MSCI UAE ETF

A hedge fund recently raised its stake in iShares MSCI UAE ETF stock. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in iShares MSCI UAE ETF (NASDAQ:UAE) by 13.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 256,688 shares of the company’s stock after purchasing an additional 30,851 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd owned 8.70% of iShares MSCI UAE ETF worth $3,899,000 as of its most recent SEC filing.

About iShares MSCI UAE ETF

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.