iShares MSCI Kuwait ETF (BATS:KWT) Short Interest Down 95.7% in August

iShares MSCI Kuwait ETF (BATS:KWT) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 4,529 shares, a drop of 95.7% from the July 30th total of 105,198 shares. Based on an average daily trading volume, of 825 shares, the days-to-cover ratio is presently 5.5 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KWT. Denver PWM LLC acquired a new position in shares of iShares MSCI Kuwait ETF during the 2nd quarter worth about $76,999,000. Midwest Professional Planners LTD. acquired a new stake in shares of iShares MSCI Kuwait ETF in the second quarter valued at about $22,836,000. Waycross Investment Management Co acquired a new stake in shares of iShares MSCI Kuwait ETF in the second quarter valued at about $16,158,000. Jane Street Group LLC bought a new stake in iShares MSCI Kuwait ETF during the second quarter worth about $10,561,000. Finally, Jim Saulnier & Associates LLC bought a new position in iShares MSCI Kuwait ETF in the second quarter valued at approximately $7,966,000.

iShares MSCI Kuwait ETF Stock Performance

BATS KWT traded up $0.14 during trading on Tuesday, hitting $37.64. The stock had a trading volume of 5,032 shares, compared to its average volume of 7,890. iShares MSCI Kuwait ETF has a 12 month low of $35.54 and a 12 month high of $41.08. The company’s 50-day moving average price is $36.73 and its two-hundred day moving average price is $37.16. The company has a market capitalization of $88.45 million, a PE ratio of 17.65 and a beta of 0.45.

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.