iShares MSCI UAE ETF (NASDAQ:UAE) Sees Significant Increase in Short Interest

iShares MSCI UAE ETF (NASDAQ:UAE) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 160,000 shares, a growth of 33.9% from the October 31st total of 119,500 shares. Based on an average daily trading volume, of 50,400 shares, the days-to-cover ratio is presently 3.2 days.

Institutional Trading of iShares MSCI UAE ETF

Several large investors have recently bought and sold shares of UAE. Rhumbline Advisers boosted its stake in shares of iShares MSCI UAE ETF by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 278,073 shares of the company’s stock valued at $3,824,000 after purchasing an additional 2,901 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in iShares MSCI UAE ETF by 13.7% in 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 buying an additional 30,851 shares in the last quarter. Comerica Bank grew its stake in shares of iShares MSCI UAE ETF by 8.0% during the first quarter. Comerica Bank now owns 108,997 shares of the company’s stock worth $1,612,000 after buying an additional 8,050 shares during the last quarter. Finally, Panagora Asset Management Inc. acquired a new position in shares of iShares MSCI UAE ETF during the second quarter worth $385,000.

iShares MSCI UAE ETF Trading Up 0.4 %

NASDAQ UAE traded up $0.07 on Friday, hitting $15.55. 75,066 shares of the company’s stock were exchanged, compared to its average volume of 31,846. The stock has a 50-day moving average of $15.15 and a 200-day moving average of $14.57. The stock has a market cap of $45.89 million, a price-to-earnings ratio of 8.94 and a beta of 0.64. iShares MSCI UAE ETF has a 52 week low of $13.24 and a 52 week high of $15.59.

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.