iShares MSCI UAE ETF (NASDAQ:UAE – Get Rating) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 21,100 shares, a drop of 84.9% from the November 30th total of 140,100 shares. Based on an average daily volume of 15,900 shares, the short-interest ratio is currently 1.3 days.
iShares MSCI UAE ETF Trading Down 1.7 %
Shares of UAE traded down $0.26 during mid-day trading on Friday, reaching $14.93. 21,554 shares of the stock traded hands, compared to its average volume of 31,638. The stock has a fifty day simple moving average of $15.47 and a 200 day simple moving average of $15.72. iShares MSCI UAE ETF has a 12-month low of $14.73 and a 12-month high of $19.40.
Get iShares MSCI UAE ETF alerts:iShares MSCI UAE ETF Cuts Dividend
The business also recently declared a Semi-Annual dividend, which was paid on Monday, December 19th. Stockholders of record on Wednesday, December 14th were given a dividend of $0.032 per share. The ex-dividend date was Tuesday, December 13th.
Institutional Trading of iShares MSCI UAE ETF
A number of hedge funds have recently made changes to their positions in the stock. Korea Investment CORP acquired a new stake in shares of iShares MSCI UAE ETF during the second quarter worth approximately $3,954,000. Jane Street Group LLC acquired a new stake in shares of iShares MSCI UAE ETF during the first quarter worth approximately $4,219,000. Glovista Investments LLC grew its position in shares of iShares MSCI UAE ETF by 60.7% during the first quarter. Glovista Investments LLC now owns 163,392 shares of the company's stock worth $3,078,000 after buying an additional 61,715 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of iShares MSCI UAE ETF by 16.5% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 130,807 shares of the company's stock worth $1,987,000 after buying an additional 18,533 shares in the last quarter. Finally, Royal Bank of Canada acquired a new stake in shares of iShares MSCI UAE ETF during the first quarter worth approximately $1,851,000.Read More
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