Short Interest in iShares MSCI Kuwait ETF (BATS:KWT) Decreases By 36.9%

iShares MSCI Kuwait ETF (BATS:KWT) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 31,506 shares, a drop of 36.9% from the April 15th total of 49,906 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average trading volume of 5,546 shares, the short-interest ratio is presently 5.7 days.

iShares MSCI Kuwait ETF Price Performance

iShares MSCI Kuwait ETF stock opened at $37.95 on Monday. The firm’s 50 day simple moving average is $37.34 and its 200-day simple moving average is $38.04. iShares MSCI Kuwait ETF has a fifty-two week low of $35.29 and a fifty-two week high of $41.08. The company has a market cap of $89.18 million, a P/E ratio of 17.65 and a beta of 0.45.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in iShares MSCI Kuwait ETF by 25.8% during the second quarter. JPMorgan Chase & Co. now owns 4,031 shares of the company’s stock valued at $153,000 after purchasing an additional 826 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new position in iShares MSCI Kuwait ETF during the third quarter valued at approximately $219,000. Militia Capital Management LLC purchased a new position in iShares MSCI Kuwait ETF during the first quarter valued at approximately $282,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in iShares MSCI Kuwait ETF during the first quarter valued at approximately $357,000. Finally, Ensign Peak Advisors Inc acquired a new position in iShares MSCI Kuwait ETF in the 4th quarter worth about $458,000.

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.