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

iShares MSCI Qatar ETF (NASDAQ:QAT) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 46,077 shares, a growth of 351.0% from the January 15th total of 10,216 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 17,066 shares, the short-interest ratio is currently 2.7 days. Based on an average daily volume of 17,066 shares, the short-interest ratio is currently 2.7 days. Approximately 1.3% of the company’s stock are short sold.

iShares MSCI Qatar ETF Stock Performance

QAT traded down $0.06 during midday trading on Thursday, hitting $20.07. The stock had a trading volume of 3,232 shares, compared to its average volume of 10,025. The company has a market cap of $73.27 million, a P/E ratio of 11.93 and a beta of 0.43. iShares MSCI Qatar ETF has a 1 year low of $16.78 and a 1 year high of $20.64. The business has a fifty day moving average of $19.37 and a 200 day moving average of $19.46.

iShares MSCI Qatar ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, December 22nd. Investors of record on Tuesday, December 16th were paid a $0.2267 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a yield of 242.0%.

Institutional Trading of iShares MSCI Qatar ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in shares of iShares MSCI Qatar ETF by 1,090.5% in the second quarter. JPMorgan Chase & Co. now owns 216,306 shares of the company’s stock worth $4,028,000 after buying an additional 198,137 shares in the last quarter. Jane Street Group LLC boosted its stake in 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 purchasing an additional 103,735 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of iShares MSCI Qatar ETF by 42.5% in the 2nd quarter. Rhumbline Advisers now owns 109,684 shares of the company’s stock worth $2,042,000 after purchasing an additional 32,737 shares in the last quarter. Ensign Peak Advisors Inc purchased a new position in shares of iShares MSCI Qatar ETF in the fourth quarter worth $463,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of iShares MSCI Qatar ETF during the first quarter valued at $391,000.

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.