iShares MSCI Kuwait ETF (BATS:KWT) Sees Significant Increase in Short Interest

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

iShares MSCI Kuwait ETF Price Performance

Shares of BATS KWT traded up $0.08 during mid-day trading on Tuesday, hitting $37.32. The company’s stock had a trading volume of 66 shares, compared to its average volume of 8,356. iShares MSCI Kuwait ETF has a one year low of $35.54 and a one year high of $41.08. The company’s fifty day simple moving average is $36.85 and its 200-day simple moving average is $37.18. The stock has a market cap of $87.70 million, a price-to-earnings ratio of 17.65 and a beta of 0.45.

Institutional Trading of iShares MSCI Kuwait ETF

A number of institutional investors have recently bought and sold shares of KWT. Militia Capital Management LLC acquired a new position in shares of iShares MSCI Kuwait ETF in the 1st quarter valued at $282,000. Fifth Third Bancorp bought a new stake in iShares MSCI Kuwait ETF in the first quarter valued at about $1,241,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in iShares MSCI Kuwait ETF by 21.3% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,123 shares of the company’s stock valued at $330,000 after buying an additional 1,600 shares during the period. Mackenzie Financial Corp acquired a new position in iShares MSCI Kuwait ETF in the fourth quarter valued at about $484,000. Finally, Jane Street Group LLC bought a new position in iShares MSCI Kuwait ETF during the fourth quarter worth about $1,594,000.

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.