Short Interest in iShares MSCI UAE ETF (NASDAQ:UAE) Rises By 35.5%

Posted by Jeff Wilder on Dec 29th, 2024

iShares MSCI UAE ETF (NASDAQ:UAE – Get Free Report) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 182,300 shares, a growth of 35.5% from the November 30th total of 134,500 shares. Based on an average daily trading volume, of 67,300 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of UAE. Panagora Asset Management Inc. purchased a new stake in shares of iShares MSCI UAE ETF during the second quarter worth approximately $385,000. Rhumbline Advisers lifted its holdings in iShares MSCI UAE ETF by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 278,073 shares of the company’s stock valued at $3,824,000 after purchasing an additional 2,901 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in iShares MSCI UAE ETF by 13.7% during 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 purchasing an additional 30,851 shares during the last quarter.

iShares MSCI UAE ETF Price Performance

NASDAQ UAE traded down $0.13 on Friday, hitting $16.41. The company had a trading volume of 35,160 shares, compared to its average volume of 36,943. The company’s fifty day moving average price is $15.51 and its 200-day moving average price is $14.85. The company has a market capitalization of $48.41 million, a PE ratio of 8.94 and a beta of 0.64. iShares MSCI UAE ETF has a 12-month low of $13.24 and a 12-month high of $16.69.

iShares MSCI UAE ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.0188 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

iShares MSCI UAE ETF Company Profile

(Get Free Report)

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.