iShares MSCI UAE ETF (NASDAQ:UAE) Short Interest Down 63.6% in December

iShares MSCI UAE ETF (NASDAQ:UAE) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 66,400 shares, a decline 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.

Hedge Funds Weigh In On iShares MSCI UAE ETF

A hedge fund recently raised its stake in iShares MSCI UAE ETF stock. Rhumbline Advisers raised its position in shares of iShares MSCI UAE ETF (NASDAQ:UAE) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 278,073 shares of the company’s stock after buying an additional 2,901 shares during the quarter. Rhumbline Advisers owned about 11.59% of iShares MSCI UAE ETF worth $3,824,000 at the end of the most recent quarter.

iShares MSCI UAE ETF Stock Up 0.7 %

Shares of iShares MSCI UAE ETF stock opened at $16.74 on Tuesday. The company has a market cap of $69.47 million, a PE ratio of 8.94 and a beta of 0.64. The business has a 50 day moving average of $15.84 and a 200 day moving average of $15.10. iShares MSCI UAE ETF has a 52 week low of $13.24 and a 52 week high of $16.80.

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 was Tuesday, December 17th.

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.