iShares MSCI BIC ETF (NYSEARCA:BKF) Sees Large Drop in Short Interest
by Renee Jackson · The Cerbat GemiShares MSCI BIC ETF (NYSEARCA:BKF – Get Free Report) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 3,781 shares, a decline of 57.0% from the March 15th total of 8,802 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 11,766 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Investors Weigh In On iShares MSCI BIC ETF
A number of institutional investors have recently modified their holdings of BKF. TD Private Client Wealth LLC boosted its position in shares of iShares MSCI BIC ETF by 54.6% in the fourth quarter. TD Private Client Wealth LLC now owns 51,381 shares of the company’s stock valued at $2,251,000 after acquiring an additional 18,156 shares during the period. Susquehanna International Group LLP boosted its position in shares of iShares MSCI BIC ETF by 14.6% in the third quarter. Susquehanna International Group LLP now owns 80,220 shares of the company’s stock valued at $3,628,000 after acquiring an additional 10,221 shares during the period. Benjamin Edwards Inc. boosted its position in shares of iShares MSCI BIC ETF by 29.0% in the fourth quarter. Benjamin Edwards Inc. now owns 40,480 shares of the company’s stock valued at $1,773,000 after acquiring an additional 9,089 shares during the period. Consolidated Portfolio Review Corp bought a new stake in shares of iShares MSCI BIC ETF in the third quarter valued at about $316,000. Finally, Allianz SE boosted its position in shares of iShares MSCI BIC ETF by 1.9% in the fourth quarter. Allianz SE now owns 303,229 shares of the company’s stock valued at $13,284,000 after acquiring an additional 5,645 shares during the period.
iShares MSCI BIC ETF Stock Up 1.2%
Shares of iShares MSCI BIC ETF stock traded up $0.52 during trading on Tuesday, reaching $42.72. The company’s stock had a trading volume of 1,523 shares, compared to its average volume of 11,848. The business’s 50-day moving average price is $42.54 and its 200-day moving average price is $43.98. The firm has a market cap of $91.85 million, a PE ratio of 14.95 and a beta of 0.42. iShares MSCI BIC ETF has a 52 week low of $37.27 and a 52 week high of $46.23.
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.