iShares MSCI Kuwait ETF (BATS:KWT) Sees Large Drop in Short Interest

iShares MSCI Kuwait ETF (BATS:KWT) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 31,506 shares, a decrease of 36.9% from the April 15th total of 49,906 shares. Based on an average daily volume of 5,546 shares, the short-interest ratio is currently 5.7 days. Currently, 1.3% of the shares of the stock are sold short.

iShares MSCI Kuwait ETF Price Performance

KWT stock opened at $37.95 on Monday. iShares MSCI Kuwait ETF has a 12 month low of $35.29 and a 12 month high of $41.08. The firm has a market cap of $89.18 million, a PE ratio of 17.65 and a beta of 0.45. The firm has a 50 day simple moving average of $37.34 and a 200 day simple moving average of $38.04.

Hedge Funds Weigh In On iShares MSCI Kuwait ETF

A number of hedge funds have recently modified their holdings of the stock. Militia Capital Management LLC acquired a new position in shares of iShares MSCI Kuwait ETF in the 1st quarter worth $282,000. Fifth Third Bancorp acquired a new position in shares of iShares MSCI Kuwait ETF in the 1st quarter worth $1,241,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of iShares MSCI Kuwait ETF by 21.3% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,123 shares of the company’s stock worth $330,000 after acquiring an additional 1,600 shares during the last quarter. Mackenzie Financial Corp acquired a new position in shares of iShares MSCI Kuwait ETF in the 4th quarter worth $484,000. Finally, Jane Street Group LLC acquired a new position in shares of iShares MSCI Kuwait ETF in the 4th quarter worth $1,594,000.

iShares MSCI Kuwait ETF Company Profile

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.