iShares MSCI Kuwait ETF (BATS:KWT) Short Interest Update

iShares MSCI Kuwait ETF (BATS:KWT) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 10,678 shares, a drop of 39.2% from the June 15th total of 17,554 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 2,921 shares, the days-to-cover ratio is presently 3.7 days.

iShares MSCI Kuwait ETF Stock Performance

Shares of KWT opened at $36.30 on Friday. The company’s 50 day moving average price is $37.36 and its 200 day moving average price is $37.35. iShares MSCI Kuwait ETF has a 52 week low of $35.54 and a 52 week high of $41.08. The company has a market capitalization of $85.31 million, a PE 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. Militia Capital Management LLC purchased a new position in shares of iShares MSCI Kuwait ETF during the 1st quarter valued at $282,000. Fifth Third Bancorp purchased a new stake in shares of iShares MSCI Kuwait ETF during the first quarter worth $1,241,000. Sumitomo Mitsui Trust Group Inc. boosted its position in iShares MSCI Kuwait ETF by 21.3% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,123 shares of the company’s stock valued at $330,000 after purchasing an additional 1,600 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in iShares MSCI Kuwait ETF during the fourth quarter valued at $484,000. Finally, Jane Street Group LLC purchased a new position in iShares MSCI Kuwait ETF in the fourth quarter valued at about $1,594,000.

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.