iShares MSCI UAE ETF (NASDAQ:UAE) Short Interest Down 63.6% in January

iShares MSCI UAE ETF (NASDAQ:UAE) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 66,400 shares, a decrease of 63.6% from the December 31st total of 182,300 shares. Based on an average daily trading volume, of 74,200 shares, the short-interest ratio is currently 0.9 days.

iShares MSCI UAE ETF Trading Up 0.0 %

NASDAQ UAE traded up $0.01 on Tuesday, reaching $17.18. The company’s stock had a trading volume of 24,273 shares, compared to its average volume of 123,066. The firm has a market cap of $71.28 million, a PE ratio of 8.94 and a beta of 0.64. The business has a 50-day moving average price of $16.15 and a 200 day moving average price of $15.30. iShares MSCI UAE ETF has a 52 week low of $13.24 and a 52 week high of $17.29.

iShares MSCI UAE ETF Announces Dividend

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

Institutional Trading of iShares MSCI UAE ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. bought a new stake in iShares MSCI UAE ETF during the fourth quarter worth about $1,804,000. Yousif Capital Management LLC grew its stake in iShares MSCI UAE ETF by 6.4% during the fourth quarter. Yousif Capital Management LLC now owns 123,991 shares of the company’s stock worth $2,041,000 after buying an additional 7,500 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of iShares MSCI UAE ETF by 13.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 256,688 shares of the company’s stock valued at $3,899,000 after purchasing an additional 30,851 shares during the last quarter.

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.