iShares MSCI Qatar ETF (NASDAQ:QAT) Sees Significant Increase in Short Interest

iShares MSCI Qatar ETF (NASDAQ:QAT) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 404,569 shares, an increase of 448.9% from the February 26th total of 73,707 shares. Based on an average daily trading volume, of 68,064 shares, the days-to-cover ratio is presently 5.9 days. Approximately 11.1% of the company’s shares are short sold. Approximately 11.1% of the company’s shares are short sold. Based on an average daily trading volume, of 68,064 shares, the days-to-cover ratio is presently 5.9 days.

iShares MSCI Qatar ETF Trading Down 2.5%

Shares of iShares MSCI Qatar ETF stock opened at $18.21 on Wednesday. The business has a 50-day moving average price of $19.47 and a two-hundred day moving average price of $19.30. iShares MSCI Qatar ETF has a 1-year low of $16.78 and a 1-year high of $20.64. The company has a market cap of $66.47 million, a P/E ratio of 11.93 and a beta of 0.43.

Institutional Investors Weigh In On iShares MSCI Qatar ETF

Several large investors have recently added to or reduced their stakes in QAT. JPMorgan Chase & Co. increased its stake in shares of iShares MSCI Qatar ETF by 1,090.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 216,306 shares of the company’s stock valued at $4,028,000 after acquiring an additional 198,137 shares in the last quarter. Jane Street Group LLC lifted its position in shares of iShares MSCI Qatar ETF by 202.9% during the 2nd quarter. Jane Street Group LLC now owns 154,860 shares of the company’s stock valued at $2,883,000 after acquiring an additional 103,735 shares during the period. Rhumbline Advisers boosted its stake in iShares MSCI Qatar ETF by 42.5% during the second quarter. Rhumbline Advisers now owns 109,684 shares of the company’s stock worth $2,042,000 after acquiring an additional 32,737 shares in the last quarter. Ensign Peak Advisors Inc bought a new position in iShares MSCI Qatar ETF during the fourth quarter worth $463,000. Finally, Mackenzie Financial Corp acquired a new stake in iShares MSCI Qatar ETF in the fourth quarter worth $434,000.

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.