iShares MSCI UAE ETF (NASDAQ:UAE) Short Interest Down 63.6% in January

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

Hedge Funds Weigh In On iShares MSCI UAE ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. acquired a new stake in shares of iShares MSCI UAE ETF in the 4th quarter valued at $1,804,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in iShares MSCI UAE ETF by 13.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 256,688 shares of the company’s stock worth $3,899,000 after acquiring an additional 30,851 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its position in iShares MSCI UAE ETF by 6.4% during the 4th quarter. Yousif Capital Management LLC now owns 123,991 shares of the company’s stock worth $2,041,000 after acquiring an additional 7,500 shares during the last quarter.

iShares MSCI UAE ETF Trading Up 0.0 %

NASDAQ:UAE traded up $0.01 during midday trading on Tuesday, hitting $17.18. 24,273 shares of the stock were exchanged, compared to its average volume of 123,066. The company has a market capitalization of $71.28 million, a price-to-earnings ratio of 8.94 and a beta of 0.64. iShares MSCI UAE ETF has a one year low of $13.24 and a one year high of $17.29. The business has a 50-day moving average price of $16.15 and a two-hundred day moving average price of $15.30.

iShares MSCI UAE ETF Dividend Announcement

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

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.