iShares MSCI Qatar ETF (NASDAQ:QAT) Short Interest Up 440.0% in January

iShares MSCI Qatar ETF (NASDAQ:QAT) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 16,200 shares, a growth of 440.0% from the January 15th total of 3,000 shares. Based on an average trading volume of 30,500 shares, the short-interest ratio is presently 0.5 days.

iShares MSCI Qatar ETF Stock Down 0.4 %

QAT traded down $0.08 on Wednesday, reaching $17.92. 370 shares of the company traded hands, compared to its average volume of 7,570. The company has a market cap of $64.51 million, a P/E ratio of 10.78 and a beta of 0.48. iShares MSCI Qatar ETF has a one year low of $16.29 and a one year high of $18.82. The firm has a fifty day simple moving average of $17.92 and a two-hundred day simple moving average of $17.97.

iShares MSCI Qatar ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.2878 per share. The ex-dividend date was Tuesday, December 17th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wealthfront Advisers LLC bought a new stake in shares of iShares MSCI Qatar ETF in the 4th quarter valued at about $591,000. Yousif Capital Management LLC increased its holdings in iShares MSCI Qatar ETF by 6.2% during the fourth quarter. Yousif Capital Management LLC now owns 68,159 shares of the company’s stock valued at $1,222,000 after buying an additional 4,000 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of iShares MSCI Qatar ETF by 7.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 141,785 shares of the company’s stock worth $2,629,000 after purchasing an additional 9,387 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.