iShares MSCI UAE ETF (NASDAQ:UAE) Short Interest Down 31.5% in September

iShares MSCI UAE ETF (NASDAQ:UAE) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totalling 115,700 shares, a decrease of 31.5% from the September 15th total of 168,800 shares. Based on an average daily volume of 37,300 shares, the short-interest ratio is presently 3.1 days.

iShares MSCI UAE ETF Price Performance

UAE stock traded down $0.07 during midday trading on Friday, reaching $14.76. The company had a trading volume of 47,501 shares, compared to its average volume of 28,069. The company has a market capitalization of $43.54 million, a price-to-earnings ratio of 8.94 and a beta of 0.64. The stock has a 50 day moving average price of $14.88 and a 200-day moving average price of $14.44. iShares MSCI UAE ETF has a 1-year low of $13.24 and a 1-year high of $15.55.

Institutional Trading of iShares MSCI UAE ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Moneda S.A. Administradora General de Fondos acquired a new position in shares of iShares MSCI UAE ETF during the first quarter valued at about $229,000. Panagora Asset Management Inc. bought a new stake in iShares MSCI UAE ETF during the 2nd quarter valued at $385,000. Comerica Bank raised its holdings in iShares MSCI UAE ETF by 8.0% during the first 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 last quarter. Yousif Capital Management LLC grew its holdings in shares of iShares MSCI UAE ETF by 8.0% during the first quarter. Yousif Capital Management LLC now owns 108,997 shares of the company’s stock valued at $1,612,000 after buying an additional 8,050 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of iShares MSCI UAE ETF by 1.1% during the second quarter. Rhumbline Advisers now owns 278,073 shares of the company’s stock worth $3,824,000 after acquiring an additional 2,901 shares in the last quarter.

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.