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

iShares MSCI Qatar ETF (NASDAQ:QAT) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 433,218 shares, an increase of 286.3% from the May 14th total of 112,156 shares. Currently, 8.8% of the shares of the company are sold short. Based on an average daily volume of 34,298 shares, the days-to-cover ratio is presently 12.6 days.

iShares MSCI Qatar ETF Stock Performance

NASDAQ QAT traded up $0.06 during trading on Friday, hitting $18.60. 15,055 shares of the company’s stock traded hands, compared to its average volume of 44,273. The stock has a market capitalization of $92.07 million, a price-to-earnings ratio of 11.93 and a beta of 0.38. iShares MSCI Qatar ETF has a 12-month low of $17.71 and a 12-month high of $20.64. The business has a 50 day moving average of $18.91 and a 200-day moving average of $19.11.

Institutional Investors Weigh In On iShares MSCI Qatar ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC increased its position in shares of iShares MSCI Qatar ETF by 202.9% during the second quarter. Jane Street Group LLC now owns 154,860 shares of the company’s stock valued at $2,883,000 after buying an additional 103,735 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of iShares MSCI Qatar ETF by 58.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,636 shares of the company’s stock valued at $618,000 after purchasing an additional 11,710 shares during the period. Ensign Peak Advisors Inc purchased a new stake in iShares MSCI Qatar ETF in the fourth quarter worth $463,000. Mackenzie Financial Corp purchased a new stake in iShares MSCI Qatar ETF in the fourth quarter worth $434,000. Finally, Victory Capital Management Inc. bought a new position in iShares MSCI Qatar ETF in the third quarter worth $405,000.

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.