iShares MSCI Kuwait ETF (BATS:KWT) Short Interest Up 169.4% in August

iShares MSCI Kuwait ETF (BATS:KWT) was the recipient of a significant growth in short interest in 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 presently 3.2 days. Currently, 0.5% of the company’s stock are sold short.

iShares MSCI Kuwait ETF Price Performance

BATS:KWT opened at $37.74 on Friday. iShares MSCI Kuwait ETF has a one year low of $35.54 and a one year high of $41.08. The company has a market cap of $88.69 million, a PE ratio of 17.65 and a beta of 0.45. The firm has a 50-day moving average of $36.98 and a 200-day moving average of $37.21.

Institutional Trading of iShares MSCI Kuwait ETF

Several institutional investors and hedge funds have recently modified their holdings of KWT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of iShares MSCI Kuwait ETF in the first quarter valued at approximately $357,000. JPMorgan Chase & Co. grew its holdings in iShares MSCI Kuwait ETF by 25.8% during the second quarter. JPMorgan Chase & Co. now owns 4,031 shares of the company’s stock worth $153,000 after buying an additional 826 shares in the last quarter. Jane Street Group LLC purchased a new stake in iShares MSCI Kuwait ETF in the 2nd quarter valued at $10,561,000. Citadel Advisors LLC raised its position in iShares MSCI Kuwait ETF by 12.4% in the 3rd quarter. Citadel Advisors LLC now owns 18,610 shares of the company’s stock valued at $737,000 after buying an additional 2,051 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its stake in iShares MSCI Kuwait ETF by 49.5% during the 3rd quarter. Susquehanna International Group LLP now owns 23,228 shares of the company’s stock valued at $919,000 after acquiring an additional 7,695 shares in the last quarter.

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.