Short Interest in iShares MSCI BIC ETF (NYSEARCA:BKF) Increases By 99.0%

iShares MSCI BIC ETF (NYSEARCA:BKF) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,540 shares, an increase of 99.0% from the May 31st total of 774 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 19,570 shares, the short-interest ratio is currently 0.1 days.

iShares MSCI BIC ETF Trading Up 1.0%

NYSEARCA BKF traded up $0.39 on Wednesday, hitting $39.12. 4,233 shares of the company’s stock traded hands, compared to its average volume of 13,238. The firm’s 50-day moving average price is $40.79 and its two-hundred day moving average price is $42.47. The firm has a market capitalization of $84.11 million, a PE ratio of 14.95 and a beta of 0.40. iShares MSCI BIC ETF has a 1-year low of $38.39 and a 1-year high of $46.23.

Institutional Investors Weigh In On iShares MSCI BIC ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new position in shares of iShares MSCI BIC ETF in the 4th quarter valued at about $30,000. Fifth Third Bancorp purchased a new stake in iShares MSCI BIC ETF in the 1st quarter worth approximately $37,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of iShares MSCI BIC ETF during the 4th quarter worth approximately $44,000. Bank of America Corp DE increased its holdings in shares of iShares MSCI BIC ETF by 4.4% during the 3rd quarter. Bank of America Corp DE now owns 24,342 shares of the company’s stock valued at $1,101,000 after purchasing an additional 1,028 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec lifted its stake in shares of 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 purchasing an additional 1,565 shares during the period.

iShares MSCI BIC ETF Company Profile

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.