Short Interest in iShares MSCI Kuwait ETF (BATS:KWT) Increases By 1,177.3%

iShares MSCI Kuwait ETF (BATS:KWT) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 105,198 shares, an increase of 1,177.3% from the July 15th total of 8,236 shares. Approximately 4.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,549 shares, the short-interest ratio is presently 7.8 days.

Institutional Investors Weigh In On iShares MSCI Kuwait ETF

A number of large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in iShares MSCI Kuwait ETF in the 1st quarter valued at $357,000. JPMorgan Chase & Co. boosted its stake in iShares MSCI Kuwait ETF by 25.8% in the second quarter. JPMorgan Chase & Co. now owns 4,031 shares of the company’s stock worth $153,000 after purchasing an additional 826 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of iShares MSCI Kuwait ETF during the second quarter worth $10,561,000. Citadel Advisors LLC grew its holdings in shares of iShares MSCI Kuwait ETF by 12.4% during the third quarter. Citadel Advisors LLC now owns 18,610 shares of the company’s stock worth $737,000 after purchasing an additional 2,051 shares during the last quarter. Finally, Susquehanna International Group LLP increased its stake in shares of iShares MSCI Kuwait ETF by 49.5% in the third quarter. Susquehanna International Group LLP now owns 23,228 shares of the company’s stock valued at $919,000 after buying an additional 7,695 shares in the last quarter.

iShares MSCI Kuwait ETF Trading Up 0.1%

BATS KWT opened at $37.35 on Thursday. The firm has a market cap of $87.77 million, a price-to-earnings ratio of 17.65 and a beta of 0.45. The company has a 50 day moving average of $36.83 and a 200-day moving average of $37.17. iShares MSCI Kuwait ETF has a 1-year low of $35.54 and a 1-year high of $41.08.

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.