Short Interest in iShares MSCI Qatar ETF (NASDAQ:QAT) Increases By 157.5%

iShares MSCI Qatar ETF (NASDAQ:QAT) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 155,800 shares, an increase of 157.5% from the August 31st total of 60,500 shares. Based on an average daily trading volume, of 40,200 shares, the days-to-cover ratio is currently 3.9 days. Based on an average daily trading volume, of 40,200 shares, the days-to-cover ratio is currently 3.9 days.

iShares MSCI Qatar ETF Price Performance

Shares of QAT opened at $19.30 on Friday. iShares MSCI Qatar ETF has a one year low of $16.78 and a one year high of $20.64. The company has a 50-day moving average of $19.82 and a two-hundred day moving average of $18.89. The stock has a market cap of $72.38 million, a price-to-earnings ratio of 11.93 and a beta of 0.48.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Teacher Retirement System of Texas acquired a new position in shares of iShares MSCI Qatar ETF in the first quarter worth about $6,545,000. JPMorgan Chase & Co. boosted its holdings 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 during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of iShares MSCI Qatar ETF by 7.2% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 159,738 shares of the company’s stock worth $2,850,000 after buying an additional 10,789 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in shares of iShares MSCI Qatar ETF by 14.2% in the second quarter. TD Waterhouse Canada Inc. now owns 158,714 shares of the company’s stock worth $2,941,000 after buying an additional 19,698 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of iShares MSCI Qatar ETF by 202.9% in the second quarter. Jane Street Group LLC now owns 154,860 shares of the company’s stock worth $2,883,000 after purchasing an additional 103,735 shares in the last quarter.

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.