iShares MSCI Qatar ETF (NASDAQ:QAT) Short Interest Down 48.4% in March

iShares MSCI Qatar ETF (NASDAQ:QAT) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 208,614 shares, a decrease of 48.4% from the March 15th total of 404,569 shares. Currently, 4.6% of the shares of the stock are short sold. Based on an average daily volume of 62,523 shares, the days-to-cover ratio is currently 3.3 days.

iShares MSCI Qatar ETF Stock Performance

QAT traded up $0.11 during trading on Wednesday, reaching $19.35. 4,013 shares of the company traded hands, compared to its average volume of 27,637. iShares MSCI Qatar ETF has a 12-month low of $17.70 and a 12-month high of $20.64. The firm has a fifty day simple moving average of $19.15 and a 200 day simple moving average of $19.20. The company has a market cap of $89.01 million, a P/E ratio of 11.93 and a beta of 0.41.

Institutional Investors Weigh In On iShares MSCI Qatar ETF

A number of institutional investors have recently added to or reduced their stakes in QAT. JPMorgan Chase & Co. grew its holdings in iShares MSCI Qatar ETF by 1,090.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 216,306 shares of the company’s stock valued at $4,028,000 after buying an additional 198,137 shares in the last quarter. Jane Street Group LLC boosted its position 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 acquiring an additional 103,735 shares during the last quarter. Ensign Peak Advisors Inc bought a new position in shares of iShares MSCI Qatar ETF during the 4th quarter valued at approximately $463,000. Mackenzie Financial Corp bought a new position in shares of iShares MSCI Qatar ETF during the 4th quarter valued at approximately $434,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of iShares MSCI Qatar ETF during the 1st quarter valued at approximately $391,000.

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.