Short Interest in iShares MSCI BIC ETF (NYSEARCA:BKF) Declines By 40.1%

iShares MSCI BIC ETF (NYSEARCA:BKF) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 684 shares, a drop of 40.1% from the August 15th total of 1,141 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 3,185 shares, the days-to-cover ratio is presently 0.2 days.

iShares MSCI BIC ETF Price Performance

Shares of BKF stock traded up $0.40 during trading hours on Thursday, reaching $39.45. 11,678 shares of the company traded hands, compared to its average volume of 10,639. The firm has a 50-day moving average price of $40.40 and a 200 day moving average price of $40.77. The company has a market cap of $41.82 million, a P/E ratio of 14.95 and a beta of 0.41. iShares MSCI BIC ETF has a 12-month low of $38.39 and a 12-month high of $46.23.

Institutional Trading of iShares MSCI BIC ETF

Hedge funds have recently bought and sold shares of the stock. Allianz SE raised 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 valued at $13,284,000 after buying an additional 5,645 shares in the last quarter. Citadel Advisors LLC grew its position in iShares MSCI BIC ETF by 62.5% in the second quarter. Citadel Advisors LLC now owns 59,885 shares of the company’s stock worth $2,320,000 after acquiring an additional 23,033 shares in the last quarter. TD Private Client Wealth LLC increased its stake in iShares MSCI BIC ETF by 54.6% during the fourth quarter. TD Private Client Wealth LLC now owns 51,381 shares of the company’s stock worth $2,251,000 after acquiring an additional 18,156 shares during the last quarter. Quantum Portfolio Management LLC bought a new stake in iShares MSCI BIC ETF during the first quarter worth approximately $1,343,000. Finally, Royal Bank of Canada raised its position in iShares MSCI BIC ETF by 29.0% during the first quarter. Royal Bank of Canada now owns 7,862 shares of the company’s stock valued at $320,000 after purchasing an additional 1,769 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.