iShares MSCI UAE ETF (NASDAQ:UAE) Short Interest Update

iShares MSCI UAE ETF (NASDAQ:UAE) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 351,248 shares, a drop of 38.0% from the July 15th total of 566,513 shares. Currently, 2.2% of the shares of the stock are sold short. Based on an average daily volume of 166,522 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Trading of iShares MSCI UAE ETF

Hedge funds have recently bought and sold shares of the company. Sparta 24 Ltd. purchased a new stake in iShares MSCI UAE ETF in the 1st quarter worth approximately $22,211,000. HighTower Advisors LLC acquired a new stake in shares of iShares MSCI UAE ETF during the fourth quarter worth $8,870,000. Jane Street Group LLC boosted its holdings in shares of iShares MSCI UAE ETF by 682.5% during the first quarter. Jane Street Group LLC now owns 399,295 shares of the company’s stock worth $6,776,000 after purchasing an additional 348,264 shares during the last quarter. Sei Investments Co. purchased a new stake in shares of iShares MSCI UAE ETF in the third quarter valued at $5,093,000. Finally, Royal Bank of Canada increased its stake in iShares MSCI UAE ETF by 430.3% in the fourth quarter. Royal Bank of Canada now owns 324,559 shares of the company’s stock valued at $6,205,000 after purchasing an additional 263,352 shares during the last quarter.

iShares MSCI UAE ETF Stock Performance

UAE stock traded up $0.17 during trading on Tuesday, hitting $19.69. The stock had a trading volume of 14,831 shares, compared to its average volume of 499,922. The stock has a market cap of $319.96 million, a price-to-earnings ratio of 10.93 and a beta of 0.43. The company’s 50 day moving average price is $19.31 and its two-hundred day moving average price is $19.51. iShares MSCI UAE ETF has a 1-year low of $17.29 and a 1-year high of $22.29.

iShares MSCI UAE ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a $0.6631 dividend. The ex-dividend date of this dividend was Monday, June 15th.

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.