iShares MSCI BIC ETF (NYSEARCA:BKF) Short Interest Down 51.4% in April

iShares MSCI BIC ETF (NYSEARCA:BKF) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,819 shares, a decrease of 51.4% from the April 15th total of 3,743 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 8,314 shares, the short-interest ratio is currently 0.2 days.

iShares MSCI BIC ETF Trading Down 2.8%

BKF traded down $1.18 during midday trading on Friday, reaching $40.76. The company’s stock had a trading volume of 123,922 shares, compared to its average volume of 11,851. The stock has a market cap of $87.63 million, a P/E ratio of 14.95 and a beta of 0.42. The company has a fifty day simple moving average of $41.76 and a 200 day simple moving average of $43.60. iShares MSCI BIC ETF has a twelve month low of $39.51 and a twelve month high of $46.23.

Hedge Funds Weigh In On iShares MSCI BIC ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp bought a new position in shares of iShares MSCI BIC ETF during the 1st quarter worth approximately $37,000. Quantum Portfolio Management LLC bought a new position in shares of iShares MSCI BIC ETF during the 1st quarter worth approximately $1,343,000. Osaic Holdings Inc. lifted its position in shares of iShares MSCI BIC ETF by 60.5% during the 4th quarter. Osaic Holdings Inc. now owns 7,272 shares of the company’s stock worth $319,000 after buying an additional 2,742 shares during the period. Kestra Advisory Services LLC bought a new position in shares of iShares MSCI BIC ETF during the 4th quarter worth approximately $30,000. Finally, Allianz SE lifted its position in shares of iShares MSCI BIC ETF by 1.9% during the 4th quarter. Allianz SE now owns 303,229 shares of the company’s stock worth $13,284,000 after buying an additional 5,645 shares during the period.

About iShares MSCI BIC ETF

iShares MSCI BRIC ETF (the Fund), formerly iShares MSCI BRIC Index Fund, is an exchange-traded fund (ETF). The Fund is an exchange-traded fund that seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI BRIC Index (the Index). The Index is a free float-adjusted market capitalization index that is designed to measure the combined equity market performance in Brazil, Russia, India and China (BRIC). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.