iShares MSCI Qatar ETF (NASDAQ:QAT) Shares Up 0.8% – Here’s Why

iShares MSCI Qatar ETF (NASDAQ:QAT)’s stock price shot up 0.8% during mid-day trading on Monday . The company traded as high as $18.44 and last traded at $18.44. 38,470 shares traded hands during trading, an increase of 66% from the average session volume of 23,138 shares. The stock had previously closed at $18.30.

iShares MSCI Qatar ETF Trading Down 0.5 %

The stock has a 50-day moving average of $18.30 and a 200-day moving average of $17.56. The firm has a market cap of $63.84 million, a price-to-earnings ratio of 10.78 and a beta of 0.48.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iShares MSCI Qatar ETF stock. Jane Street Group LLC lifted its position in iShares MSCI Qatar ETF (NASDAQ:QAT) by 445.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 332,899 shares of the company’s stock after buying an additional 271,861 shares during the period. Jane Street Group LLC owned approximately 7.32% of iShares MSCI Qatar ETF worth $5,872,000 at the end of the most recent reporting period.

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.