iShares MSCI Qatar ETF (NASDAQ:QAT) Sees Significant Decline in Short Interest

iShares MSCI Qatar ETF (NASDAQ:QAT) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 8,400 shares, a decline of 92.6% from the November 30th total of 113,900 shares. Based on an average daily volume of 31,200 shares, the short-interest ratio is presently 0.3 days.

iShares MSCI Qatar ETF Price Performance

Shares of QAT traded down $0.16 during mid-day trading on Thursday, reaching $17.80. 1,493 shares of the company’s stock were exchanged, compared to its average volume of 24,841. iShares MSCI Qatar ETF has a 52-week low of $16.29 and a 52-week high of $18.82. The stock has a market capitalization of $62.30 million, a PE ratio of 10.78 and a beta of 0.48. The business’s fifty day simple moving average is $18.21 and its 200-day simple moving average is $17.74.

iShares MSCI Qatar ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a $0.2878 dividend. The ex-dividend date was Tuesday, December 17th.

Institutional Investors Weigh In On iShares MSCI Qatar ETF

A hedge fund recently raised its stake in iShares MSCI Qatar ETF stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of iShares MSCI Qatar ETF (NASDAQ:QAT) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 132,398 shares of the company’s stock after purchasing an additional 1,732 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd owned about 3.53% of iShares MSCI Qatar ETF worth $2,235,000 at the end of the most recent quarter.

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.