iShares MSCI Qatar ETF (NASDAQ:QAT) Short Interest Up 448.9% in March

iShares MSCI Qatar ETF (NASDAQ:QAT) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 404,569 shares, an increase of 448.9% from the February 26th total of 73,707 shares. Based on an average trading volume of 68,064 shares, the short-interest ratio is presently 5.9 days. Approximately 11.1% of the shares of the company are sold short.

Institutional Trading of iShares MSCI Qatar ETF

A number of large investors have recently made changes to their positions in QAT. Raymond James Financial Inc. acquired a new position in iShares MSCI Qatar ETF during the second quarter worth approximately $33,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of iShares MSCI Qatar ETF in the third quarter valued at approximately $196,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of iShares MSCI Qatar ETF in the first quarter valued at approximately $391,000. Victory Capital Management Inc. purchased a new position in shares of iShares MSCI Qatar ETF during the third quarter worth approximately $405,000. Finally, Mackenzie Financial Corp purchased a new position in shares of iShares MSCI Qatar ETF during the fourth quarter worth approximately $434,000.

iShares MSCI Qatar ETF Stock Performance

NASDAQ QAT traded down $0.10 during trading hours on Thursday, hitting $18.32. The company had a trading volume of 51,453 shares, compared to its average volume of 26,139. The business has a 50 day moving average of $19.44 and a 200-day moving average of $19.29. The company has a market cap of $66.87 million, a PE ratio of 11.93 and a beta of 0.43. iShares MSCI Qatar ETF has a 1-year low of $16.78 and a 1-year high of $20.64.

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.