iShares MSCI BIC ETF (NYSEARCA:BKF) Short Interest Update
by Sarita Garza · The Markets DailyiShares MSCI BIC ETF (NYSEARCA:BKF – Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 26,655 shares, an increase of 3,920.4% from the December 15th total of 663 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average trading volume of 22,608 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading volume of 22,608 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.3% of the company’s shares are sold short.
iShares MSCI BIC ETF Stock Performance
Shares of BKF stock traded up $0.88 on Monday, hitting $45.60. 6,718 shares of the company’s stock traded hands, compared to its average volume of 9,627. iShares MSCI BIC ETF has a one year low of $34.69 and a one year high of $46.23. The company’s fifty day simple moving average is $44.49 and its 200 day simple moving average is $43.80. The stock has a market capitalization of $95.76 million, a price-to-earnings ratio of 14.95 and a beta of 0.38.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Abound Wealth Management bought a new stake in shares of iShares MSCI BIC ETF in the 3rd quarter valued at about $29,000. Bank of America Corp DE lifted its position in iShares MSCI BIC ETF by 4.4% in the third quarter. Bank of America Corp DE now owns 24,342 shares of the company’s stock valued at $1,101,000 after purchasing an additional 1,028 shares during the last quarter. Allianz SE lifted its position in iShares MSCI BIC ETF by 0.7% in the second quarter. Allianz SE now owns 292,052 shares of the company’s stock valued at $12,108,000 after purchasing an additional 2,049 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in shares of iShares MSCI BIC ETF by 8.3% during the third quarter. Benjamin Edwards Inc. now owns 31,391 shares of the company’s stock valued at $1,420,000 after purchasing an additional 2,408 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of iShares MSCI BIC ETF in the second quarter worth approximately $145,000.
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.