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

iShares MSCI UAE ETF (NASDAQ:UAE) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 108,200 shares, an increase of 63.0% from the December 31st total of 66,400 shares. Based on an average daily trading volume, of 88,600 shares, the days-to-cover ratio is presently 1.2 days.

iShares MSCI UAE ETF Stock Performance

Shares of iShares MSCI UAE ETF stock traded down $0.17 during trading on Friday, hitting $17.03. 66,380 shares of the stock traded hands, compared to its average volume of 127,095. The company has a fifty day moving average price of $16.31 and a two-hundred day moving average price of $15.40. iShares MSCI UAE ETF has a twelve month low of $13.24 and a twelve month high of $17.29. The stock has a market cap of $74.08 million, a P/E ratio of 8.94 and a beta of 0.64.

iShares MSCI UAE ETF Dividend Announcement

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

Hedge Funds Weigh In On iShares MSCI UAE ETF

Several hedge funds have recently bought and sold shares of UAE. Yousif Capital Management LLC increased its holdings in shares of iShares MSCI UAE ETF by 6.4% during 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 last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in iShares MSCI UAE ETF by 4.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 269,024 shares of the company’s stock worth $4,428,000 after purchasing an additional 12,336 shares during the period. Sanctuary Advisors LLC acquired a new position in iShares MSCI UAE ETF during the fourth quarter valued at approximately $780,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of iShares MSCI UAE ETF in the fourth quarter valued at approximately $1,804,000.

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.