iShares MSCI Kuwait ETF (BATS:KWT – Get Free Report) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 31,506 shares, a decrease of 36.9% from the April 15th total of 49,906 shares. Based on an average daily volume of 5,546 shares, the short-interest ratio is presently 5.7 days. Approximately 1.3% of the shares of the stock are sold short.
iShares MSCI Kuwait ETF Price Performance
Shares of BATS KWT opened at $37.48 on Tuesday. iShares MSCI Kuwait ETF has a 12-month low of $35.29 and a 12-month high of $41.08. The company has a market capitalization of $88.08 million, a PE ratio of 17.65 and a beta of 0.45. The firm’s 50-day moving average is $37.36 and its two-hundred day moving average is $38.03.
Institutional Trading of iShares MSCI Kuwait ETF
Several institutional investors and hedge funds have recently modified their holdings of the business. Militia Capital Management LLC purchased a new stake in shares of iShares MSCI Kuwait ETF in the first quarter valued at about $282,000. Fifth Third Bancorp purchased a new stake in shares of iShares MSCI Kuwait ETF in the first quarter valued at about $1,241,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of iShares MSCI Kuwait ETF by 21.3% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,123 shares of the company’s stock valued at $330,000 after purchasing an additional 1,600 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of iShares MSCI Kuwait ETF in the fourth quarter valued at about $484,000. Finally, Jane Street Group LLC acquired a new position in shares of iShares MSCI Kuwait ETF in the fourth quarter valued at approximately $1,594,000.
About iShares MSCI Kuwait ETF
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.
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