Short Interest in iShares MSCI UAE ETF (NASDAQ:UAE) Expands By 63.0%

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

Hedge Funds Weigh In On iShares MSCI UAE ETF

A number of large investors have recently bought and sold shares of UAE. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of iShares MSCI UAE ETF by 4.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 269,024 shares of the company’s stock valued at $4,428,000 after acquiring an additional 12,336 shares during the period. Yousif Capital Management LLC boosted its position in iShares MSCI UAE ETF by 6.4% during the fourth quarter. Yousif Capital Management LLC now owns 123,991 shares of the company’s stock valued at $2,041,000 after purchasing an additional 7,500 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in iShares MSCI UAE ETF in the fourth quarter valued at about $1,804,000. Finally, Sanctuary Advisors LLC acquired a new stake in iShares MSCI UAE ETF in the fourth quarter valued at approximately $780,000.

iShares MSCI UAE ETF Stock Performance

iShares MSCI UAE ETF stock traded down $0.17 during midday trading on Friday, hitting $17.03. 66,380 shares of the company’s stock were exchanged, compared to its average volume of 127,095. The company has a market cap of $74.08 million, a PE ratio of 8.94 and a beta of 0.64. The firm has a 50-day moving average of $16.28 and a two-hundred day moving average of $15.37. iShares MSCI UAE ETF has a 12 month low of $13.24 and a 12 month high of $17.29.

iShares MSCI UAE ETF Announces Dividend

The firm also recently disclosed 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.

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.