Short Interest in iShares MSCI Kuwait ETF (BATS:KWT) Expands By 169.4%

iShares MSCI Kuwait ETF (BATS:KWTGet Free Report) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 12,200 shares, an increase of 169.4% from the August 15th total of 4,529 shares. Based on an average trading volume of 3,756 shares, the short-interest ratio is currently 3.2 days. Currently, 0.5% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares MSCI Kuwait ETF

Institutional investors have recently added to or reduced their stakes in the business. Compass Financial Management LLC bought a new stake in iShares MSCI Kuwait ETF in the second quarter valued at $53,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of iShares MSCI Kuwait ETF by 21.3% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,123 shares of the company’s stock worth $330,000 after purchasing an additional 1,600 shares in the last quarter. Robbins Farley bought a new position in shares of iShares MSCI Kuwait ETF during the 2nd quarter worth about $99,000. California State Teachers Retirement System grew its stake in shares of iShares MSCI Kuwait ETF by 1,723.0% in the 2nd quarter. California State Teachers Retirement System now owns 3,646 shares of the company’s stock valued at $133,000 after buying an additional 3,446 shares during the period. Finally, Militia Capital Management LLC bought a new stake in iShares MSCI Kuwait ETF in the 1st quarter valued at about $282,000.

iShares MSCI Kuwait ETF Price Performance

Shares of BATS:KWT opened at $37.74 on Tuesday. iShares MSCI Kuwait ETF has a 1 year low of $35.54 and a 1 year high of $41.08. The business’s 50-day moving average is $37.00 and its 200-day moving average is $37.22. The company has a market capitalization of $88.69 million, a price-to-earnings ratio of 17.65 and a beta of 0.45.

iShares MSCI Kuwait ETF Company Profile

(Get Free Report)

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.

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