iShares MSCI Kuwait ETF (BATS:KWT) Sees Significant Drop in Short Interest

iShares MSCI Kuwait ETF (BATS:KWT) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 4,529 shares, a decrease of 95.7% from the July 30th total of 105,198 shares. Based on an average trading volume of 825 shares, the short-interest ratio is presently 5.5 days. Approximately 0.2% of the company’s stock are sold short.

iShares MSCI Kuwait ETF Stock Performance

Shares of BATS KWT opened at $37.59 on Thursday. The company has a 50 day simple moving average of $36.74 and a two-hundred day simple moving average of $37.17. iShares MSCI Kuwait ETF has a fifty-two week low of $35.54 and a fifty-two week high of $41.08. The company has a market capitalization of $88.34 million, a price-to-earnings ratio of 17.65 and a beta of 0.45.

Institutional Investors Weigh In On iShares MSCI Kuwait ETF

Institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of iShares MSCI Kuwait ETF in the 1st quarter worth about $357,000. JPMorgan Chase & Co. grew its position in iShares MSCI Kuwait ETF by 25.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,031 shares of the company’s stock valued at $153,000 after purchasing an additional 826 shares during the last quarter. Jane Street Group LLC bought a new stake in iShares MSCI Kuwait ETF during the 2nd quarter valued at about $10,561,000. Citadel Advisors LLC increased its stake in iShares MSCI Kuwait ETF by 12.4% during the 3rd quarter. Citadel Advisors LLC now owns 18,610 shares of the company’s stock valued at $737,000 after purchasing an additional 2,051 shares in the last quarter. Finally, Susquehanna International Group LLP raised its holdings in iShares MSCI Kuwait ETF by 49.5% in the third quarter. Susquehanna International Group LLP now owns 23,228 shares of the company’s stock worth $919,000 after buying an additional 7,695 shares during the last quarter.

iShares MSCI Kuwait ETF Company Profile

The iShares MSCI Kuwait ETF (KWT) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index of all-cap stocks in Kuwait. KWT was launched on Sep 1, 2020 and is managed by BlackRock.