iShares MSCI BIC ETF (NYSEARCA:BKF) Short Interest Update

iShares MSCI BIC ETF (NYSEARCA:BKF) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 774 shares, a drop of 50.5% from the May 14th total of 1,563 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 11,496 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of iShares MSCI BIC ETF by 29.0% during the 1st quarter. Royal Bank of Canada now owns 7,862 shares of the company’s stock worth $320,000 after acquiring an additional 1,769 shares in the last quarter. Fifth Third Bancorp acquired a new position in iShares MSCI BIC ETF in the 1st quarter worth about $37,000. Quantum Portfolio Management LLC acquired a new stake in iShares MSCI BIC ETF in the first quarter valued at approximately $1,343,000. Osaic Holdings Inc. grew its stake in iShares MSCI BIC ETF by 60.5% in the 4th quarter. Osaic Holdings Inc. now owns 7,272 shares of the company’s stock valued at $319,000 after acquiring an additional 2,742 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in iShares MSCI BIC ETF in the 4th quarter worth $30,000.

iShares MSCI BIC ETF Stock Up 0.9%

BKF opened at $39.97 on Friday. The company has a market cap of $85.94 million, a P/E ratio of 14.95 and a beta of 0.40. The firm’s 50-day moving average price is $41.45 and its 200-day moving average price is $42.92. iShares MSCI BIC ETF has a 52-week low of $38.97 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.