Short Interest in iShares MSCI Kuwait ETF (BATS:KWT) Grows By 1,177.3%

iShares MSCI Kuwait ETF (BATS:KWT) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 105,198 shares, a growth of 1,177.3% from the July 15th total of 8,236 shares. Based on an average daily trading volume, of 13,549 shares, the short-interest ratio is presently 7.8 days. Approximately 4.5% of the shares of the company are short sold.

iShares MSCI Kuwait ETF Stock Performance

Shares of KWT stock opened at $37.32 on Wednesday. iShares MSCI Kuwait ETF has a 52-week low of $35.54 and a 52-week high of $41.08. The stock has a market cap of $87.70 million, a price-to-earnings ratio of 17.65 and a beta of 0.45. The firm has a fifty day moving average of $36.84 and a 200-day moving average of $37.17.

Institutional Trading of iShares MSCI Kuwait ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in iShares MSCI Kuwait ETF during the second quarter valued at approximately $10,561,000. Geode Capital Management LLC acquired a new position in shares of iShares MSCI Kuwait ETF in the 4th quarter worth approximately $2,409,000. Fifth Third Bancorp acquired a new position in shares of iShares MSCI Kuwait ETF in the 1st quarter worth approximately $1,241,000. JPMorgan Chase & Co. lifted its position in shares of iShares MSCI Kuwait ETF by 573.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,144 shares of the company’s stock worth $1,074,000 after buying an additional 23,113 shares during the period. Finally, Mackenzie Financial Corp bought a new position in shares of iShares MSCI Kuwait ETF during the 4th quarter worth approximately $484,000.

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.