iShares MSCI Qatar ETF (NASDAQ:QAT – Get Free Report) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 208,614 shares, a drop of 48.4% from the March 15th total of 404,569 shares. Based on an average daily volume of 62,523 shares, the days-to-cover ratio is currently 3.3 days. Approximately 4.6% of the company’s shares are short sold.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in iShares MSCI Qatar ETF in the second quarter valued at $33,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in iShares MSCI Qatar ETF in the third quarter valued at $196,000. Victory Capital Management Inc. acquired a new position in iShares MSCI Qatar ETF in the third quarter valued at $405,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in iShares MSCI Qatar ETF in the first quarter valued at $391,000. Finally, Mackenzie Financial Corp acquired a new position in iShares MSCI Qatar ETF in the fourth quarter valued at $434,000.
iShares MSCI Qatar ETF Stock Up 0.4%
Shares of QAT stock traded up $0.07 during mid-day trading on Tuesday, hitting $19.24. 5,711 shares of the company’s stock were exchanged, compared to its average volume of 28,000. iShares MSCI Qatar ETF has a fifty-two week low of $17.70 and a fifty-two week high of $20.64. The stock has a 50-day simple moving average of $19.15 and a two-hundred day simple moving average of $19.20. The stock has a market cap of $88.50 million, a price-to-earnings ratio of 11.93 and a beta of 0.41.
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.
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