iShares MSCI UAE ETF (NASDAQ:UAE – Get Rating) saw a large increase in short interest in December. As of December 30th, there was short interest totalling 42,400 shares, an increase of 100.9% from the December 15th total of 21,100 shares. Based on an average daily trading volume, of 16,700 shares, the short-interest ratio is currently 2.5 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in UAE. Yousif Capital Management LLC raised its position in iShares MSCI UAE ETF by 60.5% in the second quarter. Yousif Capital Management LLC now owns 87,562 shares of the company's stock valued at $1,360,000 after purchasing an additional 33,000 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in iShares MSCI UAE ETF by 12.2% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 112,274 shares of the company's stock valued at $1,744,000 after purchasing an additional 12,219 shares during the period. Fort Point Capital Partners LLC purchased a new stake in iShares MSCI UAE ETF in the first quarter valued at approximately $369,000. Prudential Financial Inc. raised its position in iShares MSCI UAE ETF by 21.9% in the second quarter. Prudential Financial Inc. now owns 19,500 shares of the company's stock valued at $303,000 after purchasing an additional 3,500 shares during the period. Finally, Walleye Capital LLC purchased a new stake in iShares MSCI UAE ETF in the second quarter valued at approximately $167,000.
Get iShares MSCI UAE ETF alerts:iShares MSCI UAE ETF Price Performance
NASDAQ:UAE traded down $0.03 during trading hours on Friday, hitting $15.03. 82,065 shares of the stock were exchanged, compared to its average volume of 24,456. iShares MSCI UAE ETF has a 52-week low of $14.73 and a 52-week high of $19.40. The firm's fifty day moving average price is $15.28 and its 200 day moving average price is $15.64.
iShares MSCI UAE ETF Cuts Dividend
The business also recently announced a Semi-Annual dividend, which was paid on Monday, December 19th. Stockholders of record on Wednesday, December 14th were issued a dividend of $0.032 per share. The ex-dividend date of this dividend was Tuesday, December 13th.Featured Articles
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