Short Interest in iShares MSCI Qatar ETF (NASDAQ:QAT) Increases By 448.9%

iShares MSCI Qatar ETF (NASDAQ:QAT) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 404,569 shares, a growth of 448.9% from the February 26th total of 73,707 shares. Currently, 11.1% of the company’s shares are sold short. Based on an average daily volume of 68,064 shares, the days-to-cover ratio is presently 5.9 days. Based on an average daily volume of 68,064 shares, the days-to-cover ratio is presently 5.9 days. Currently, 11.1% of the company’s shares are sold short.

iShares MSCI Qatar ETF Trading Down 2.5%

Shares of NASDAQ QAT traded down $0.47 on Tuesday, reaching $18.21. 38,237 shares of the company traded hands, compared to its average volume of 25,927. The company has a 50 day moving average of $19.47 and a 200 day moving average of $19.30. iShares MSCI Qatar ETF has a fifty-two week low of $16.78 and a fifty-two week high of $20.64. The stock has a market capitalization of $66.47 million, a PE ratio of 11.93 and a beta of 0.43.

Institutional Trading of iShares MSCI Qatar ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp purchased a new position in iShares MSCI Qatar ETF in the fourth quarter valued at about $434,000. Jane Street Group LLC lifted its holdings in shares of iShares MSCI Qatar ETF by 54.3% in the 4th quarter. Jane Street Group LLC now owns 60,306 shares of the company’s stock worth $1,135,000 after purchasing an additional 21,221 shares during the last quarter. Ensign Peak Advisors Inc acquired a new stake in iShares MSCI Qatar ETF in the fourth quarter worth $463,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of iShares MSCI Qatar ETF by 3.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 174,669 shares of the company’s stock valued at $3,287,000 after acquiring an additional 5,913 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its position in iShares MSCI Qatar ETF by 9.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 190,989 shares of the company’s stock valued at $3,583,000 after purchasing an additional 15,944 shares during the last quarter.

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.