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

iShares MSCI Qatar ETF (NASDAQ:QAT) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 1,500 shares, a drop of 42.3% from the February 28th total of 2,600 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 16,200 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On iShares MSCI Qatar ETF

Several hedge funds and other institutional investors have recently modified their holdings of QAT. Citadel Advisors LLC bought a new stake in shares of iShares MSCI Qatar ETF during the 4th quarter worth $1,258,000. Wealthfront Advisers LLC acquired a new position in iShares MSCI Qatar ETF during the fourth quarter worth about $591,000. Jane Street Group LLC lifted its holdings in shares of iShares MSCI Qatar ETF by 111.8% in the fourth quarter. Jane Street Group LLC now owns 32,411 shares of the company’s stock worth $581,000 after acquiring an additional 17,110 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of iShares MSCI Qatar ETF by 1,294.5% in the 4th quarter. Bank of America Corp DE now owns 13,122 shares of the company’s stock valued at $235,000 after purchasing an additional 12,181 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of iShares MSCI Qatar ETF by 5.1% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 148,949 shares of the company’s stock valued at $2,671,000 after purchasing an additional 7,164 shares during the last quarter.

iShares MSCI Qatar ETF Price Performance

Shares of NASDAQ:QAT opened at $17.75 on Friday. iShares MSCI Qatar ETF has a 1 year low of $16.29 and a 1 year high of $18.82. The stock has a market capitalization of $63.90 million, a price-to-earnings ratio of 11.35 and a beta of 0.50. The company’s 50 day simple moving average is $18.01 and its 200 day simple moving average is $18.09.

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.