iShares MSCI BIC ETF (NYSEARCA:BKF) Sees Significant Drop in Short Interest

iShares MSCI BIC ETF (NYSEARCA:BKF) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 34,918 shares, a drop of 14.1% from the January 29th total of 40,638 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average daily trading volume, of 11,895 shares, the short-interest ratio is currently 2.9 days. Based on an average daily trading volume, of 11,895 shares, the short-interest ratio is currently 2.9 days. Approximately 1.7% of the company’s stock are short sold.

iShares MSCI BIC ETF Stock Down 1.1%

iShares MSCI BIC ETF stock opened at $41.50 on Friday. iShares MSCI BIC ETF has a 12 month low of $34.69 and a 12 month high of $46.23. The stock has a market cap of $87.15 million, a P/E ratio of 14.95 and a beta of 0.38. The company’s fifty day simple moving average is $44.50 and its 200-day simple moving average is $44.50.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BKF. Osaic Holdings Inc. raised its stake 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 purchasing an additional 2,742 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in iShares MSCI BIC ETF in the fourth quarter worth approximately $30,000. Allianz SE increased its holdings in iShares MSCI BIC ETF by 1.9% in the fourth 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 last quarter. Federation des caisses Desjardins du Quebec raised its position in iShares MSCI BIC ETF by 308.1% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,073 shares of the company’s stock valued at $91,000 after acquiring an additional 1,565 shares in the last quarter. Finally, HRT Financial LP acquired a new stake in iShares MSCI BIC ETF in the fourth quarter valued at approximately $212,000.

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.