iShares MSCI UAE ETF (NASDAQ:UAE) Short Interest Up 145.1% in May

iShares MSCI UAE ETF (NASDAQ:UAE) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 2,843,302 shares, an increase of 145.1% from the May 14th total of 1,159,935 shares. Currently, 19.3% of the shares of the stock are sold short. Based on an average trading volume of 584,269 shares, the short-interest ratio is currently 4.9 days.

Institutional Trading of iShares MSCI UAE ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in UAE. Raymond James Financial Inc. acquired a new stake in shares of iShares MSCI UAE ETF during the 2nd quarter worth approximately $205,000. J. Safra Sarasin Holding AG acquired a new stake in shares of iShares MSCI UAE ETF during the 1st quarter worth approximately $255,000. Cetera Investment Advisers acquired a new stake in shares of iShares MSCI UAE ETF during the 4th quarter worth approximately $354,000. Royal Bank of Canada increased its holdings in shares of iShares MSCI UAE ETF by 60.6% during the 1st quarter. Royal Bank of Canada now owns 22,774 shares of the company’s stock worth $386,000 after buying an additional 8,594 shares during the last quarter. Finally, Financial & Tax Architects LLC acquired a new stake in shares of iShares MSCI UAE ETF during the 1st quarter worth approximately $391,000.

iShares MSCI UAE ETF Trading Up 3.8%

UAE stock traded up $0.72 during mid-day trading on Friday, reaching $19.62. The company’s stock had a trading volume of 877,157 shares, compared to its average volume of 601,740. The stock has a market cap of $288.41 million, a PE ratio of 10.93 and a beta of 0.42. iShares MSCI UAE ETF has a fifty-two week low of $16.99 and a fifty-two week high of $22.29. The company’s 50 day moving average is $19.16 and its two-hundred day moving average is $19.53.

iShares MSCI UAE ETF Company Profile

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.