iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA – Get Free Report) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 6,597,917 shares, a growth of 18.5% from the February 26th total of 5,569,034 shares. Currently, 39.3% of the shares of the company are sold short. Based on an average daily trading volume, of 1,400,991 shares, the days-to-cover ratio is presently 4.7 days.
iShares MSCI Saudi Arabia ETF Trading Down 0.5%
KSA opened at $39.57 on Thursday. iShares MSCI Saudi Arabia ETF has a 12 month low of $35.81 and a 12 month high of $41.55. The company has a market cap of $664.78 million, a PE ratio of 15.67 and a beta of 0.46. The company has a 50 day moving average of $38.53 and a 200 day moving average of $38.51.
Hedge Funds Weigh In On iShares MSCI Saudi Arabia ETF
Large investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC grew its position in shares of iShares MSCI Saudi Arabia ETF by 168.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 693 shares of the company’s stock valued at $25,000 after purchasing an additional 435 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in iShares MSCI Saudi Arabia ETF during the 1st quarter worth about $41,000. Farther Finance Advisors LLC boosted its stake in iShares MSCI Saudi Arabia ETF by 169.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,308 shares of the company’s stock worth $48,000 after purchasing an additional 822 shares during the period. Gordian Capital Singapore Pte Ltd bought a new position in iShares MSCI Saudi Arabia ETF in the 3rd quarter worth about $69,000. Finally, Triumph Capital Management purchased a new position in iShares MSCI Saudi Arabia ETF during the 3rd quarter valued at about $70,000.
iShares MSCI Saudi Arabia ETF Company Profile
The iShares MSCI Saudi Arabia ETF (KSA) is an exchange-traded fund that is based on the MSCI Saudi Arabia IMI 25-50 index, a market-cap-weighted index of Saudi Arabian firms covering 99% of the market cap spectrum. KSA was launched on Sep 16, 2015 and is managed by BlackRock.
See Also
Receive News & Ratings for iShares MSCI Saudi Arabia ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI Saudi Arabia ETF and related companies with MarketBeat.com's FREE daily email newsletter.
