iShares MSCI UAE ETF (NASDAQ:UAE) Sees Large Drop in Short Interest

Posted by Lars Charter on Jan 16th, 2025

iShares MSCI UAE ETF (NASDAQ:UAE – Get Free Report) saw a large drop in short interest in December. As of December 31st, there was short interest totalling 66,400 shares, a drop of 63.6% from the December 15th total of 182,300 shares. Based on an average daily volume of 74,200 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On iShares MSCI UAE ETF

An institutional investor recently raised its position in iShares MSCI UAE ETF stock. Rhumbline Advisers grew its stake in shares of iShares MSCI UAE ETF (NASDAQ:UAE – Free Report) by 1.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 278,073 shares of the company’s stock after purchasing an additional 2,901 shares during the period. Rhumbline Advisers owned about 11.59% of iShares MSCI UAE ETF worth $3,824,000 as of its most recent filing with the SEC.

iShares MSCI UAE ETF Trading Up 1.6 %

NASDAQ UAE traded up $0.27 during mid-day trading on Wednesday, hitting $17.00. The company’s stock had a trading volume of 98,860 shares, compared to its average volume of 133,418. The firm has a market capitalization of $70.55 million, a price-to-earnings ratio of 8.94 and a beta of 0.64. The company’s 50 day simple moving average is $15.90 and its 200 day simple moving average is $15.13. iShares MSCI UAE ETF has a twelve month low of $13.24 and a twelve month high of $17.04.

iShares MSCI UAE ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.0188 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

iShares MSCI UAE ETF Company Profile

(Get Free Report)

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.