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

iShares MSCI Qatar ETF (NASDAQ:QAT) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 1,500 shares, a decrease of 42.3% from the February 28th total of 2,600 shares. Based on an average daily volume of 16,200 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Trading of iShares MSCI Qatar ETF

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in shares of iShares MSCI Qatar ETF by 1,294.5% in the 4th quarter. Bank of America Corp DE now owns 13,122 shares of the company’s stock valued at $235,000 after purchasing an additional 12,181 shares in the last quarter. Jane Street Group LLC raised its stake in iShares MSCI Qatar ETF by 111.8% in the fourth quarter. Jane Street Group LLC now owns 32,411 shares of the company’s stock worth $581,000 after buying an additional 17,110 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in iShares MSCI Qatar ETF during the fourth quarter worth $591,000. Nissay Asset Management Corp Japan ADV boosted its position in iShares MSCI Qatar ETF by 1.8% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 51,416 shares of the company’s stock valued at $912,000 after acquiring an additional 900 shares in the last quarter. Finally, Yousif Capital Management LLC increased its holdings in shares of iShares MSCI Qatar ETF by 6.2% in the 4th quarter. Yousif Capital Management LLC now owns 68,159 shares of the company’s stock valued at $1,222,000 after acquiring an additional 4,000 shares during the period.

iShares MSCI Qatar ETF Stock Performance

NASDAQ QAT traded down $0.12 on Friday, reaching $17.75. 19,017 shares of the stock traded hands, compared to its average volume of 23,646. iShares MSCI Qatar ETF has a 12 month low of $16.29 and a 12 month high of $18.82. The company has a fifty day moving average price of $18.01 and a 200-day moving average price of $18.09. The company has a market cap of $63.90 million, a price-to-earnings ratio of 11.35 and a beta of 0.48.

About iShares MSCI Qatar ETF

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.