Short Interest in iShares MSCI UAE ETF (NASDAQ:UAE) Drops By 63.6%

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 trading volume of 74,200 shares, the days-to-cover ratio is presently 0.9 days.

iShares MSCI UAE ETF Trading Up 0.7 %

NASDAQ UAE opened at $16.74 on Tuesday. The stock has a market cap of $69.47 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 $16.80. The company’s 50-day moving average price is $15.84 and its 200-day moving average price is $15.10.

iShares MSCI UAE ETF Announces Dividend

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

Institutional Trading of iShares MSCI UAE ETF

An institutional investor recently raised its position in iShares MSCI UAE ETF stock. Rhumbline Advisers boosted its position in shares of iShares MSCI UAE ETF (NASDAQ:UAE) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 278,073 shares of the company’s stock after purchasing an additional 2,901 shares during the quarter. Rhumbline Advisers owned about 11.59% of iShares MSCI UAE ETF worth $3,824,000 as of its most recent filing with the Securities & Exchange Commission.

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.