iShares MSCI Qatar ETF (NASDAQ:QAT) Short Interest Down 52.6% in November

iShares MSCI Qatar ETF (NASDAQ:QAT) saw a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 113,900 shares, a decrease of 52.6% from the November 15th total of 240,300 shares. Based on an average daily volume of 32,500 shares, the days-to-cover ratio is currently 3.5 days.

iShares MSCI Qatar ETF Price Performance

QAT traded up $0.01 on Friday, hitting $18.26. The company had a trading volume of 19,144 shares, compared to its average volume of 25,247. The stock has a market cap of $63.91 million, a price-to-earnings ratio of 10.78 and a beta of 0.48. The company’s fifty day moving average price is $18.28 and its 200 day moving average price is $17.67. iShares MSCI Qatar ETF has a 1-year low of $16.29 and a 1-year high of $18.82.

Hedge Funds Weigh In On iShares MSCI Qatar ETF

An institutional investor recently raised its position in iShares MSCI Qatar ETF stock. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in iShares MSCI Qatar ETF (NASDAQ:QAT) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,398 shares of the company’s stock after purchasing 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 as of its most recent SEC filing.

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.