iShares MSCI Qatar ETF (NASDAQ:QAT) Sees Large Decline in Short Interest

iShares MSCI Qatar ETF (NASDAQ:QAT) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 1,500 shares, a drop of 42.3% from the February 28th total of 2,600 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 16,200 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of iShares MSCI Qatar ETF

Hedge funds have recently bought and sold shares of the business. Wealthfront Advisers LLC purchased a new position in shares of iShares MSCI Qatar ETF during the 4th quarter worth $591,000. Yousif Capital Management LLC raised its stake in iShares MSCI Qatar ETF by 6.2% during the fourth quarter. Yousif Capital Management LLC now owns 68,159 shares of the company’s stock worth $1,222,000 after purchasing an additional 4,000 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in iShares MSCI Qatar ETF by 5.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 148,949 shares of the company’s stock valued at $2,671,000 after purchasing an additional 7,164 shares during the last quarter. Bank of America Corp DE grew its stake in shares of iShares MSCI Qatar ETF by 1,294.5% in the 4th quarter. Bank of America Corp DE now owns 13,122 shares of the company’s stock valued at $235,000 after buying an additional 12,181 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of iShares MSCI Qatar ETF by 111.8% during the 4th quarter. Jane Street Group LLC now owns 32,411 shares of the company’s stock worth $581,000 after buying an additional 17,110 shares during the last quarter.

iShares MSCI Qatar ETF Stock Performance

Shares of NASDAQ QAT traded down $0.12 during mid-day trading on Friday, reaching $17.75. The company’s stock had a trading volume of 19,017 shares, compared to its average volume of 23,646. The stock has a 50-day moving average of $18.01 and a two-hundred day moving average of $18.09. The stock has a market capitalization of $63.90 million, a P/E ratio of 11.35 and a beta of 0.48. iShares MSCI Qatar ETF has a 1-year low of $16.29 and a 1-year high of $18.82.

iShares MSCI Qatar ETF Company Profile

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.