iShares MSCI Qatar ETF (NASDAQ:QAT) Sees Significant Increase in Short Interest

iShares MSCI Qatar ETF (NASDAQ:QAT) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 3,100 shares, a growth of 121.4% from the August 15th total of 1,400 shares. Based on an average daily trading volume, of 19,300 shares, the short-interest ratio is currently 0.2 days.

iShares MSCI Qatar ETF Trading Up 0.2 %

QAT stock traded up $0.04 during trading on Friday, hitting $18.14. 13,734 shares of the company’s stock were exchanged, compared to its average volume of 22,345. The business has a 50-day moving average price of $17.43 and a two-hundred day moving average price of $17.33. The stock has a market capitalization of $68.03 million, a price-to-earnings ratio of 10.78 and a beta of 0.48. iShares MSCI Qatar ETF has a 52-week low of $15.66 and a 52-week high of $18.37.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iShares MSCI Qatar ETF stock. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of iShares MSCI Qatar ETF (NASDAQ:QAT) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 132,398 shares of the company’s stock after purchasing an additional 1,732 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd owned 3.53% of iShares MSCI Qatar ETF worth $2,235,000 as of its most recent SEC filing.

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.