iShares MSCI Qatar ETF (NASDAQ:QAT) Short Interest Down 77.7% in June

iShares MSCI Qatar ETF (NASDAQ:QAT) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 96,524 shares, a drop of 77.7% from the May 31st total of 433,218 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily volume of 396,793 shares, the days-to-cover ratio is presently 0.2 days.

iShares MSCI Qatar ETF Price Performance

Shares of QAT stock opened at $18.05 on Friday. iShares MSCI Qatar ETF has a 12-month low of $18.00 and a 12-month high of $20.64. The firm has a fifty day moving average of $18.79 and a 200-day moving average of $19.07. The firm has a market capitalization of $89.35 million, a price-to-earnings ratio of 11.93 and a beta of 0.38.

iShares MSCI Qatar ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 15th were issued a dividend of $0.624 per share. The ex-dividend date was Monday, June 15th.

Institutional Investors Weigh In On iShares MSCI Qatar ETF

Several large investors have recently modified their holdings of QAT. Raymond James Financial Inc. acquired a new stake in shares of iShares MSCI Qatar ETF during the second quarter worth about $33,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of iShares MSCI Qatar ETF by 50.8% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 15,133 shares of the company’s stock valued at $285,000 after purchasing an additional 5,100 shares during the period. Victory Capital Management Inc. acquired a new position in shares of iShares MSCI Qatar ETF in the 3rd quarter valued at approximately $405,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of iShares MSCI Qatar ETF in the 1st quarter valued at approximately $391,000. Finally, Mackenzie Financial Corp bought a new stake in iShares MSCI Qatar ETF during the 4th quarter worth approximately $434,000.

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.