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

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

iShares MSCI Qatar ETF Price Performance

Shares of NASDAQ:QAT traded down $0.07 on Friday, hitting $17.74. 3,901 shares of the company’s stock were exchanged, compared to its average volume of 24,775. The stock has a market capitalization of $62.09 million, a price-to-earnings ratio of 10.78 and a beta of 0.48. The business’s 50 day simple moving average is $18.20 and its two-hundred day simple moving average is $17.74. iShares MSCI Qatar ETF has a 12 month low of $16.29 and a 12 month high of $18.82.

iShares MSCI Qatar ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a $0.2878 dividend. The ex-dividend date was Tuesday, December 17th.

Hedge Funds Weigh In On iShares MSCI Qatar ETF

An institutional investor recently raised its position in iShares MSCI Qatar ETF stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in iShares MSCI Qatar ETF (NASDAQ:QAT) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,398 shares of the company’s stock after acquiring an additional 1,732 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd owned 3.53% of iShares MSCI Qatar ETF worth $2,235,000 at the end of the most recent quarter.

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.