iShares MSCI Kuwait ETF (BATS:KWT) Short Interest Update

iShares MSCI Kuwait ETF (BATS:KWT) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 10,678 shares, a drop of 39.2% from the June 15th total of 17,554 shares. Based on an average daily volume of 2,921 shares, the days-to-cover ratio is currently 3.7 days. Approximately 0.5% of the shares of the company are sold short.

iShares MSCI Kuwait ETF Trading Down 0.4%

BATS:KWT opened at $36.16 on Thursday. iShares MSCI Kuwait ETF has a 12-month low of $35.54 and a 12-month high of $41.08. The stock’s 50 day simple moving average is $37.41 and its 200-day simple moving average is $37.37. The firm has a market cap of $84.98 million, a P/E ratio of 17.65 and a beta of 0.45.

Hedge Funds Weigh In On iShares MSCI Kuwait ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of KWT. Militia Capital Management LLC purchased a new position in iShares MSCI Kuwait ETF during the 1st quarter worth $282,000. Fifth Third Bancorp acquired a new stake in shares of iShares MSCI Kuwait ETF in the 1st quarter worth $1,241,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of iShares MSCI Kuwait ETF by 21.3% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,123 shares of the company’s stock valued at $330,000 after acquiring an additional 1,600 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of iShares MSCI Kuwait ETF in the fourth quarter valued at about $484,000. Finally, Jane Street Group LLC purchased a new stake in shares of iShares MSCI Kuwait ETF in the fourth quarter valued at about $1,594,000.

About iShares MSCI Kuwait ETF

The iShares MSCI Kuwait ETF (KWT) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index of all-cap stocks in Kuwait. KWT was launched on Sep 1, 2020 and is managed by BlackRock.