iShares MSCI BIC ETF (NYSEARCA:BKF) Sees Significant Decline in Short Interest

iShares MSCI BIC ETF (NYSEARCA:BKF) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 23,491 shares, a drop of 32.7% from the February 12th total of 34,918 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average trading volume of 13,385 shares, the days-to-cover ratio is currently 1.8 days. Based on an average trading volume of 13,385 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On iShares MSCI BIC ETF

A number of large investors have recently bought and sold shares of the business. Abound Wealth Management bought a new position in iShares MSCI BIC ETF in the 3rd quarter valued at $29,000. Kestra Advisory Services LLC bought a new stake in shares of iShares MSCI BIC ETF during the fourth quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of iShares MSCI BIC ETF in the fourth quarter valued at $44,000. Federation des caisses Desjardins du Quebec raised its holdings in shares of iShares MSCI BIC ETF by 308.1% in the fourth 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 during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of iShares MSCI BIC ETF in the second quarter valued at about $145,000.

iShares MSCI BIC ETF Price Performance

Shares of BKF traded down $0.15 during trading hours on Friday, hitting $41.46. The stock had a trading volume of 1,295 shares, compared to its average volume of 10,222. The stock has a market capitalization of $87.07 million, a price-to-earnings ratio of 14.95 and a beta of 0.38. The company’s fifty day moving average is $44.25 and its two-hundred day moving average is $44.46. iShares MSCI BIC ETF has a 52 week low of $34.69 and a 52 week high of $46.23.

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.