Short Interest in iShares MSCI Qatar ETF (NASDAQ:QAT) Decreases By 77.7%

iShares MSCI Qatar ETF (NASDAQ:QAT) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 96,524 shares, a drop of 77.7% from the May 31st total of 433,218 shares. Approximately 1.9% of the company’s stock are sold short. Based on an average daily volume of 396,793 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of iShares MSCI Qatar ETF

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its position in 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 worth $4,028,000 after purchasing an additional 198,137 shares during the period. TD Waterhouse Canada Inc. boosted its position in iShares MSCI Qatar ETF by 9.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 190,989 shares of the company’s stock worth $3,583,000 after purchasing an additional 15,944 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in iShares MSCI Qatar ETF by 3.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 174,669 shares of the company’s stock worth $3,287,000 after purchasing an additional 5,913 shares during the last quarter. Jane Street Group LLC grew its stake 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 purchasing an additional 103,735 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of iShares MSCI Qatar ETF by 12.6% during the 3rd quarter. Rhumbline Advisers now owns 123,539 shares of the company’s stock valued at $2,413,000 after purchasing an additional 13,855 shares during the period.

iShares MSCI Qatar ETF Stock Performance

Shares of NASDAQ:QAT traded up $0.03 during midday trading on Monday, reaching $18.08. 10,783 shares of the company’s stock traded hands, compared to its average volume of 41,694. The company has a market cap of $89.50 million, a price-to-earnings ratio of 11.93 and a beta of 0.38. iShares MSCI Qatar ETF has a one year low of $17.99 and a one year high of $20.64. The stock has a 50 day moving average of $18.79 and a 200 day moving average of $19.07.

iShares MSCI Qatar ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 15th were given a $0.624 dividend. The ex-dividend date of this dividend was Monday, June 15th.

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.