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

iShares MSCI UAE ETF (NASDAQ:UAE) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,226,867 shares, a decrease of 56.9% from the May 31st total of 2,843,302 shares. Currently, 8.3% of the shares of the company are sold short. Based on an average daily volume of 389,223 shares, the days-to-cover ratio is presently 3.2 days.

iShares MSCI UAE ETF Price Performance

Shares of NASDAQ:UAE opened at $19.24 on Monday. The firm has a market capitalization of $282.83 million, a PE ratio of 10.93 and a beta of 0.42. iShares MSCI UAE ETF has a twelve month low of $17.29 and a twelve month high of $22.29. The company has a 50-day moving average price of $19.30 and a two-hundred day moving average price of $19.61.

iShares MSCI UAE ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a dividend of $0.6631 per share. The ex-dividend date was Monday, June 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in iShares MSCI UAE ETF during the 2nd quarter valued at $205,000. J. Safra Sarasin Holding AG bought a new position in shares of iShares MSCI UAE ETF in the first quarter worth $255,000. Cetera Investment Advisers purchased a new position in shares of iShares MSCI UAE ETF in the fourth quarter valued at $354,000. Royal Bank of Canada grew its position in shares of iShares MSCI UAE ETF by 60.6% in the first quarter. Royal Bank of Canada now owns 22,774 shares of the company’s stock valued at $386,000 after purchasing an additional 8,594 shares in the last quarter. Finally, Financial & Tax Architects LLC bought a new stake in shares of iShares MSCI UAE ETF during the 1st quarter valued at $391,000.

About iShares MSCI UAE ETF

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.