iShares MSCI Water Management Multisector ETF (NASDAQ:IWTR) Sees Large Growth in Short Interest

iShares MSCI Water Management Multisector ETF (NASDAQ:IWTR) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 300 shares, a growth of 200.0% from the March 15th total of 100 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,600 shares, the short-interest ratio is presently 0.1 days.

iShares MSCI Water Management Multisector ETF Stock Down 0.7 %

iShares MSCI Water Management Multisector ETF stock traded down $0.19 during trading hours on Wednesday, hitting $28.03. 20 shares of the company traded hands, compared to its average volume of 1,549. iShares MSCI Water Management Multisector ETF has a 1-year low of $25.82 and a 1-year high of $32.60. The firm has a market cap of $5.61 million, a P/E ratio of 19.99 and a beta of -0.84. The firm’s 50-day simple moving average is $29.36 and its two-hundred day simple moving average is $30.34.

About iShares MSCI Water Management Multisector ETF

The iShares MSCI Water Management Multisector ETF (IWTR) is an exchange-traded fund that is based on the MSCI USA Extended ESG Focus index. The fund tracks a tier-weighted index of global companies that derive revenue from sustainable water or demonstrate relatively efficient water management. IWTR was launched on Sep 20, 2022 and is managed by BlackRock.