iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) Short Interest Update

iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) saw a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 5,569,034 shares, a decline of 11.9% from the February 12th total of 6,324,189 shares. Currently, 33.1% of the shares of the company are sold short. Based on an average daily volume of 1,157,611 shares, the short-interest ratio is presently 4.8 days. Based on an average daily volume of 1,157,611 shares, the short-interest ratio is presently 4.8 days. Currently, 33.1% of the shares of the company are sold short.

Institutional Trading of iShares MSCI Saudi Arabia ETF

A number of hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC increased its holdings in shares of iShares MSCI Saudi Arabia ETF by 168.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 693 shares of the company’s stock worth $25,000 after acquiring an additional 435 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in iShares MSCI Saudi Arabia ETF during the 1st quarter valued at $41,000. Farther Finance Advisors LLC lifted its holdings in iShares MSCI Saudi Arabia ETF by 169.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,308 shares of the company’s stock valued at $48,000 after purchasing an additional 822 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in iShares MSCI Saudi Arabia ETF during the third quarter worth $69,000. Finally, Triumph Capital Management bought a new position in iShares MSCI Saudi Arabia ETF during the third quarter worth $70,000.

iShares MSCI Saudi Arabia ETF Stock Performance

Shares of NYSEARCA:KSA opened at $38.18 on Wednesday. iShares MSCI Saudi Arabia ETF has a 52-week low of $35.81 and a 52-week high of $41.55. The company has a market capitalization of $641.42 million, a P/E ratio of 15.67 and a beta of 0.46. The company has a 50-day simple moving average of $38.40 and a 200 day simple moving average of $38.42.

iShares MSCI Saudi Arabia ETF Company Profile

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.