iShares MSCI UAE ETF (NASDAQ:UAE) Short Interest Update

iShares MSCI UAE ETF (NASDAQ:UAE) was the recipient of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 134,500 shares, a decline of 15.9% from the November 15th total of 160,000 shares. Based on an average daily volume of 56,300 shares, the short-interest ratio is currently 2.4 days.

Institutional Investors Weigh In On iShares MSCI UAE ETF

Hedge funds have recently modified their holdings of the company. Panagora Asset Management Inc. acquired a new stake in shares of iShares MSCI UAE ETF during the 2nd quarter worth approximately $385,000. Rhumbline Advisers boosted its position in iShares MSCI UAE ETF by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 278,073 shares of the company’s stock valued at $3,824,000 after buying an additional 2,901 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of 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 purchasing an additional 30,851 shares during the last quarter.

iShares MSCI UAE ETF Price Performance

NASDAQ UAE opened at $15.49 on Monday. The stock’s fifty day moving average price is $15.21 and its 200 day moving average price is $14.67. iShares MSCI UAE ETF has a 1 year low of $13.24 and a 1 year high of $15.59. The company has a market cap of $45.70 million, a price-to-earnings ratio of 8.94 and a beta of 0.64.

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.