Short Interest in iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) Increases By 24.6%

iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 5,313,866 shares, an increase of 24.6% from the December 31st total of 4,264,115 shares. Based on an average trading volume of 1,128,200 shares, the short-interest ratio is currently 4.7 days. Approximately 31.6% of the company’s stock are sold short. Approximately 31.6% of the company’s stock are sold short. Based on an average trading volume of 1,128,200 shares, the short-interest ratio is currently 4.7 days.

Institutional Investors Weigh In On iShares MSCI Saudi Arabia ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Martin Currie Ltd. increased its holdings in shares of iShares MSCI Saudi Arabia ETF by 75.7% during the 2nd quarter. Martin Currie Ltd. now owns 1,395,679 shares of the company’s stock worth $53,789,000 after purchasing an additional 601,208 shares during the period. Jane Street Group LLC bought a new position in iShares MSCI Saudi Arabia ETF during the second quarter valued at about $40,351,000. Mondrian Investment Partners LTD bought a new position in iShares MSCI Saudi Arabia ETF during the third quarter valued at about $33,223,000. Fisher Asset Management LLC raised its holdings in iShares MSCI Saudi Arabia ETF by 2.7% in the 3rd quarter. Fisher Asset Management LLC now owns 781,350 shares of the company’s stock valued at $31,707,000 after acquiring an additional 20,319 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of iShares MSCI Saudi Arabia ETF by 105.2% during the 3rd quarter. Bank of America Corp DE now owns 589,203 shares of the company’s stock worth $23,910,000 after purchasing an additional 302,092 shares in the last quarter.

iShares MSCI Saudi Arabia ETF Stock Performance

Shares of NYSEARCA KSA traded down $0.22 during trading hours on Tuesday, hitting $39.57. The stock had a trading volume of 549,385 shares, compared to its average volume of 914,613. The company has a market capitalization of $664.78 million, a P/E ratio of 15.67 and a beta of 0.46. The firm’s 50-day moving average price is $37.51 and its two-hundred day moving average price is $38.30. iShares MSCI Saudi Arabia ETF has a 52 week low of $35.81 and a 52 week high of $42.55.

About iShares MSCI Saudi Arabia ETF

The iShares MSCI Saudi Arabia ETF (KSA) is an exchange-traded fund that is based on the MSCI Saudi Arabia IMI 25-50 index, a market-cap-weighted index of Saudi Arabian firms covering 99% of the market cap spectrum. KSA was launched on Sep 16, 2015 and is managed by BlackRock.