Short Interest in iShares MSCI Qatar ETF (NASDAQ:QAT) Rises By 121.4%

iShares MSCI Qatar ETF (NASDAQ:QAT) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 3,100 shares, a growth of 121.4% from the August 15th total of 1,400 shares. Based on an average trading volume of 19,300 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On iShares MSCI Qatar ETF

A hedge fund recently raised its stake in iShares MSCI Qatar ETF stock. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of iShares MSCI Qatar ETF (NASDAQ:QAT) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 132,398 shares of the company’s stock after buying an additional 1,732 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd owned about 3.53% of iShares MSCI Qatar ETF worth $2,235,000 at the end of the most recent reporting period.

iShares MSCI Qatar ETF Price Performance

iShares MSCI Qatar ETF stock traded up $0.04 during mid-day trading on Friday, hitting $18.14. The company’s stock had a trading volume of 13,734 shares, compared to its average volume of 22,345. The business has a 50 day moving average price of $17.43 and a 200-day moving average price of $17.33. iShares MSCI Qatar ETF has a 12 month low of $15.66 and a 12 month high of $18.37. The stock has a market cap of $68.03 million, a price-to-earnings ratio of 10.78 and a beta of 0.48.

About iShares MSCI Qatar ETF

The iShares MSCI Qatar ETF (QAT) is an exchange-traded fund that is based on the MSCI All Qatar Capped index, a market-cap-weighted index of large-, mid and small-cap Qatari companies. QAT was launched on Apr 29, 2014 and is managed by BlackRock.