Short Interest in iShares MSCI Qatar ETF (NASDAQ:QAT) Declines By 77.7%

iShares MSCI Qatar ETF (NASDAQ:QAT) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 96,524 shares, a drop of 77.7% from the May 31st total of 433,218 shares. Based on an average daily volume of 396,793 shares, the short-interest ratio is currently 0.2 days. Currently, 1.9% of the shares of the stock are sold short.

iShares MSCI Qatar ETF Price Performance

Shares of QAT opened at $18.05 on Friday. The firm’s 50 day moving average is $18.79 and its 200-day moving average is $19.07. The stock has a market capitalization of $89.35 million, a P/E ratio of 11.93 and a beta of 0.38. iShares MSCI Qatar ETF has a 12-month low of $18.00 and a 12-month high of $20.64.

iShares MSCI Qatar ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 15th were paid a dividend of $0.624 per share. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of QAT. Raymond James Financial Inc. bought a new position in iShares MSCI Qatar ETF in the 2nd quarter valued at $33,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of iShares MSCI Qatar ETF by 50.8% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 15,133 shares of the company’s stock valued at $285,000 after acquiring an additional 5,100 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in iShares MSCI Qatar ETF in the first quarter valued at about $391,000. Victory Capital Management Inc. acquired a new stake in iShares MSCI Qatar ETF in the third quarter worth about $405,000. Finally, Mackenzie Financial Corp bought a new stake in iShares MSCI Qatar ETF during the 4th quarter worth about $434,000.

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.