iShares MSCI Kuwait ETF (BATS:KWT) Short Interest Update

iShares MSCI Kuwait ETF (BATS:KWT) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 10,678 shares, a decline of 39.2% from the June 15th total of 17,554 shares. Based on an average daily volume of 2,921 shares, the days-to-cover ratio is presently 3.7 days. Currently, 0.5% of the shares of the company are short sold.

iShares MSCI Kuwait ETF Trading Down 0.4%

BATS KWT opened at $36.16 on Thursday. The stock has a market capitalization of $84.98 million, a price-to-earnings ratio of 17.65 and a beta of 0.45. The business’s 50 day moving average is $37.41 and its two-hundred day moving average is $37.37. iShares MSCI Kuwait ETF has a 12-month low of $35.54 and a 12-month high of $41.08.

Institutional Trading of iShares MSCI Kuwait ETF

A number of institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in iShares MSCI Kuwait ETF by 25.8% in the second quarter. JPMorgan Chase & Co. now owns 4,031 shares of the company’s stock worth $153,000 after acquiring an additional 826 shares in the last quarter. Militia Capital Management LLC purchased a new stake in shares of iShares MSCI Kuwait ETF during the 1st quarter worth $282,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of iShares MSCI Kuwait ETF by 36.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,523 shares of the company’s stock worth $288,000 after purchasing an additional 2,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of iShares MSCI Kuwait ETF during the 1st quarter worth $357,000. Finally, Ensign Peak Advisors Inc acquired a new position in shares of iShares MSCI Kuwait ETF during the 4th quarter worth $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.