iShares MSCI Kuwait ETF (BATS:KWT) Sees Significant Growth in Short Interest

by · The Cerbat Gem

iShares MSCI Kuwait ETF (BATS:KWT – Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 12,200 shares, an increase of 169.4% from the August 15th total of 4,529 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 3,756 shares, the days-to-cover ratio is currently 3.2 days.

Institutional Investors Weigh In On iShares MSCI Kuwait ETF

Several institutional investors have recently added to or reduced their stakes in KWT. Compass Financial Management LLC bought a new position in iShares MSCI Kuwait ETF during the second quarter worth about $53,000. Robbins Farley bought a new stake in shares of iShares MSCI Kuwait ETF in the second quarter valued at approximately $99,000. California State Teachers Retirement System raised its position in shares of iShares MSCI Kuwait ETF by 1,723.0% in the second quarter. California State Teachers Retirement System now owns 3,646 shares of the company’s stock valued at $133,000 after purchasing an additional 3,446 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of iShares MSCI Kuwait ETF by 25.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,031 shares of the company’s stock valued at $153,000 after buying an additional 826 shares in the last quarter. Finally, Militia Capital Management LLC purchased a new stake in shares of iShares MSCI Kuwait ETF during the 1st quarter valued at approximately $282,000.

iShares MSCI Kuwait ETF Stock Performance

Shares of KWT stock opened at $37.74 on Friday. The firm has a market cap of $88.69 million, a price-to-earnings ratio of 17.65 and a beta of 0.45. iShares MSCI Kuwait ETF has a 52 week low of $35.54 and a 52 week high of $41.08. The firm’s 50-day simple moving average is $36.98 and its two-hundred day simple moving average is $37.21.

iShares MSCI Kuwait ETF Company Profile

(Get Free Report)

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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