iShares MSCI Kuwait ETF (BATS:KWT – Get Free Report) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 10,678 shares, a drop of 39.2% from the June 15th total of 17,554 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 2,921 shares, the short-interest ratio is presently 3.7 days.
Institutional Trading of iShares MSCI Kuwait ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in iShares MSCI Kuwait ETF by 25.8% in the second quarter. JPMorgan Chase & Co. now owns 4,031 shares of the company’s stock worth $153,000 after purchasing an additional 826 shares in the last quarter. Militia Capital Management LLC bought a new stake in iShares MSCI Kuwait ETF during the 1st quarter valued at $282,000. Sumitomo Mitsui Trust Group Inc. raised its position in iShares MSCI Kuwait ETF by 36.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,523 shares of the company’s stock valued at $288,000 after purchasing an additional 2,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of iShares MSCI Kuwait ETF during the 1st quarter worth $357,000. Finally, Ensign Peak Advisors Inc purchased a new position in shares of iShares MSCI Kuwait ETF in the 4th quarter valued at $458,000.
iShares MSCI Kuwait ETF Stock Down 0.4%
KWT traded down $0.14 on Friday, reaching $36.16. 3,062 shares of the company traded hands, compared to its average volume of 8,186. The company has a market cap of $84.98 million, a P/E ratio of 17.65 and a beta of 0.45. iShares MSCI Kuwait ETF has a one year low of $35.54 and a one year high of $41.08. The firm has a fifty day simple moving average of $37.31 and a two-hundred day simple moving average of $37.35.
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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