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

iShares MSCI Kuwait ETF (BATS:KWT) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 12,200 shares, a growth of 169.4% from the August 15th total of 4,529 shares. Based on an average daily trading volume, of 3,756 shares, the short-interest ratio is currently 3.2 days. Approximately 0.5% of the shares of the company are sold short.

iShares MSCI Kuwait ETF Stock Down 0.1%

KWT stock opened at $37.70 on Monday. The stock has a market cap of $88.61 million, a PE ratio of 17.65 and a beta of 0.45. The firm’s 50-day simple moving average is $36.98 and its 200 day simple moving average is $37.21. iShares MSCI Kuwait ETF has a fifty-two week low of $35.54 and a fifty-two week high of $41.08.

Institutional Trading of iShares MSCI Kuwait ETF

Several institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC acquired a new stake in iShares MSCI Kuwait ETF in the 2nd quarter valued at about $130,912,000. Integrated Wealth Concepts LLC acquired a new stake in shares of iShares MSCI Kuwait ETF in the 2nd quarter valued at $113,712,000. Denver PWM LLC bought a new stake in iShares MSCI Kuwait ETF during the 2nd quarter worth approximately $76,999,000. Baird Financial Group Inc. acquired a new stake in iShares MSCI Kuwait ETF in the 2nd quarter valued at about $41,315,000. Finally, Midwest Professional Planners LTD. acquired a new stake in shares of iShares MSCI Kuwait ETF in the second quarter valued at approximately $22,836,000.

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.