iShares MSCI Qatar ETF (NASDAQ:QAT) Sees Large Decline in Short Interest

iShares MSCI Qatar ETF (NASDAQ:QAT) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totaling 10,216 shares, a decrease of 29.9% from the December 31st total of 14,570 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,977 shares, the short-interest ratio is presently 1.5 days. Based on an average daily trading volume, of 6,977 shares, the short-interest ratio is presently 1.5 days. Currently, 0.3% of the shares of the stock are sold short.

iShares MSCI Qatar ETF Trading Down 0.6%

QAT stock opened at $19.71 on Friday. The firm’s 50-day moving average is $19.19 and its two-hundred day moving average is $19.42. The company has a market capitalization of $71.94 million, a price-to-earnings ratio of 11.93 and a beta of 0.43. iShares MSCI Qatar ETF has a 52 week low of $16.78 and a 52 week high of $20.64.

iShares MSCI Qatar ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, December 22nd. Shareholders of record on Tuesday, December 16th were given a $0.2267 dividend. This represents a yield of 242.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in iShares MSCI Qatar ETF during the second quarter worth about $33,000. Sumitomo Mitsui Trust Group Inc. bought a new position in iShares MSCI Qatar ETF during the third quarter valued at approximately $196,000. Victory Capital Management Inc. bought a new position in shares of iShares MSCI Qatar ETF in the third quarter valued at approximately $405,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of iShares MSCI Qatar ETF in the first quarter valued at about $391,000. Finally, Flow Traders U.S. LLC lifted its stake in shares of iShares MSCI Qatar ETF by 57.0% in the third quarter. Flow Traders U.S. LLC now owns 32,360 shares of the company’s stock valued at $632,000 after buying an additional 11,747 shares during the period.

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.