Short Interest in iShares MSCI Qatar ETF (NASDAQ:QAT) Rises By 286.3%

iShares MSCI Qatar ETF (NASDAQ:QAT) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 433,218 shares, an increase of 286.3% from the May 14th total of 112,156 shares. Based on an average daily volume of 34,298 shares, the days-to-cover ratio is presently 12.6 days. Currently, 8.8% of the company’s stock are short sold.

Institutional Investors Weigh In On iShares MSCI Qatar ETF

A number of hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in shares of iShares MSCI Qatar ETF during the 2nd quarter worth $33,000. Bank of New York Mellon Corp raised its stake in iShares MSCI Qatar ETF by 15.3% in the 1st quarter. Bank of New York Mellon Corp now owns 27,748 shares of the company’s stock valued at $516,000 after acquiring an additional 3,674 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in iShares MSCI Qatar ETF by 28.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,433 shares of the company’s stock valued at $361,000 after acquiring an additional 4,300 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in iShares MSCI Qatar ETF by 3.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 174,669 shares of the company’s stock valued at $3,287,000 after acquiring an additional 5,913 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in iShares MSCI Qatar ETF by 58.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,636 shares of the company’s stock valued at $618,000 after acquiring an additional 11,710 shares during the period.

iShares MSCI Qatar ETF Stock Up 0.3%

NASDAQ:QAT traded up $0.06 during trading hours on Friday, hitting $18.60. 15,055 shares of the company traded hands, compared to its average volume of 44,273. The firm’s 50-day simple moving average is $18.91 and its 200-day simple moving average is $19.11. iShares MSCI Qatar ETF has a one year low of $17.71 and a one year high of $20.64. The company has a market cap of $92.07 million, a PE ratio of 11.93 and a beta of 0.38.

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.