iShares MSCI BIC ETF (NYSEARCA:BKF) Short Interest Update

iShares MSCI BIC ETF (NYSEARCA:BKF) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 34,918 shares, a drop of 14.1% from the January 29th total of 40,638 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average trading volume of 11,895 shares, the days-to-cover ratio is presently 2.9 days. Based on an average trading volume of 11,895 shares, the days-to-cover ratio is presently 2.9 days. Approximately 1.7% of the shares of the company are sold short.

iShares MSCI BIC ETF Stock Up 0.3%

Shares of iShares MSCI BIC ETF stock traded up $0.13 during trading hours on Wednesday, reaching $42.02. 3,884 shares of the stock traded hands, compared to its average volume of 10,627. The firm has a market capitalization of $88.24 million, a price-to-earnings ratio of 14.95 and a beta of 0.38. iShares MSCI BIC ETF has a one year low of $34.69 and a one year high of $46.23. The company has a 50 day moving average price of $44.59 and a 200 day moving average price of $44.54.

Institutional Investors Weigh In On iShares MSCI BIC ETF

A number of hedge funds have recently made changes to their positions in the company. Abound Wealth Management purchased a new stake in shares of iShares MSCI BIC ETF during the 3rd quarter worth approximately $29,000. Kestra Advisory Services LLC purchased a new position in shares of iShares MSCI BIC ETF in the fourth quarter valued at approximately $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in iShares MSCI BIC ETF during the fourth quarter worth $44,000. Federation des caisses Desjardins du Quebec grew its holdings in iShares MSCI BIC ETF by 308.1% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 2,073 shares of the company’s stock valued at $91,000 after buying an additional 1,565 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of iShares MSCI BIC ETF during the 2nd quarter worth $145,000.

About iShares MSCI BIC ETF

iShares MSCI BRIC ETF (the Fund), formerly iShares MSCI BRIC Index Fund, is an exchange-traded fund (ETF). The Fund is an exchange-traded fund that seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI BRIC Index (the Index). The Index is a free float-adjusted market capitalization index that is designed to measure the combined equity market performance in Brazil, Russia, India and China (BRIC). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.