iShares MSCI Qatar ETF (NASDAQ:QAT) Sees Large Increase in Short Interest

iShares MSCI Qatar ETF (NASDAQ:QAT) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 240,300 shares, an increase of 474.9% from the October 31st total of 41,800 shares. Based on an average trading volume of 30,700 shares, the short-interest ratio is presently 7.8 days.

Hedge Funds Weigh In On iShares MSCI Qatar ETF

A hedge fund recently raised its stake in iShares MSCI Qatar ETF stock. Jane Street Group LLC grew its position in iShares MSCI Qatar ETF (NASDAQ:QAT) by 445.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 332,899 shares of the company’s stock after purchasing 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 as of its most recent SEC filing.

iShares MSCI Qatar ETF Stock Up 1.1 %

Shares of NASDAQ:QAT traded up $0.20 on Friday, reaching $18.21. 6,452 shares of the company’s stock were exchanged, compared to its average volume of 25,509. The business’s 50-day moving average is $18.32 and its two-hundred day moving average is $17.61. iShares MSCI Qatar ETF has a fifty-two week low of $16.29 and a fifty-two week high of $18.82. The firm has a market capitalization of $63.74 million, a price-to-earnings ratio of 10.78 and a beta of 0.48.

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.