iShares MSCI Qatar ETF (NASDAQ:QAT) Sees Significant Drop in Short Interest

iShares MSCI Qatar ETF (NASDAQ:QAT – Get Free Report) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 96,524 shares, a decline of 77.7% from the May 31st total of 433,218 shares. Currently, 1.9% of the shares of the company are sold short. Based on an average daily volume of 396,793 shares, the short-interest ratio is currently 0.2 days.

iShares MSCI Qatar ETF Price Performance

Shares of NASDAQ:QAT remained flat at $18.05 during trading hours on Friday. 2,778 shares of the company’s stock traded hands, compared to its average volume of 41,950. The firm has a fifty day moving average price of $18.79 and a two-hundred day moving average price of $19.07. The firm has a market capitalization of $89.35 million, a price-to-earnings ratio of 11.93 and a beta of 0.38. iShares MSCI Qatar ETF has a 12 month low of $18.00 and a 12 month high of $20.64.

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iShares MSCI Qatar ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 15th were paid a dividend of $0.624 per share. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Investors Weigh In On iShares MSCI Qatar ETF

Several institutional investors have recently bought and sold shares of QAT. Fifth Third Bancorp acquired a new stake in iShares MSCI Qatar ETF in the first quarter worth approximately $1,052,000. Rhumbline Advisers boosted its stake in iShares MSCI Qatar ETF by 12.6% during the 3rd quarter. Rhumbline Advisers now owns 123,539 shares of the company’s stock valued at $2,413,000 after purchasing an additional 13,855 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of iShares MSCI Qatar ETF by 50.8% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 15,133 shares of the company’s stock valued at $285,000 after purchasing an additional 5,100 shares during the period. TD Waterhouse Canada Inc. increased its position in shares of iShares MSCI Qatar ETF by 9.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 190,989 shares of the company’s stock valued at $3,583,000 after purchasing an additional 15,944 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of iShares MSCI Qatar ETF by 3.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 174,669 shares of the company’s stock worth $3,287,000 after buying an additional 5,913 shares in the last quarter.

About iShares MSCI Qatar ETF

(Get Free Report)

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.

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