iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) Sees Large Drop in Short Interest

iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) was the target of a large decrease in short interest in February. As of February 27th, there was short interest totaling 5,569,034 shares, a decrease of 11.9% from the February 12th total of 6,324,189 shares. Based on an average daily trading volume, of 1,157,611 shares, the days-to-cover ratio is presently 4.8 days. Approximately 33.1% of the shares of the company are short sold. Approximately 33.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,157,611 shares, the days-to-cover ratio is presently 4.8 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KSA. Wellington Management Group LLP lifted its holdings in iShares MSCI Saudi Arabia ETF by 38.6% in the fourth quarter. Wellington Management Group LLP now owns 205,054 shares of the company’s stock worth $7,466,000 after purchasing an additional 57,101 shares during the period. Quadrature Capital Ltd acquired a new position in iShares MSCI Saudi Arabia ETF during the 4th quarter valued at about $938,000. OLD Mission Capital LLC acquired a new position in iShares MSCI Saudi Arabia ETF during the 4th quarter valued at about $10,945,000. Balyasny Asset Management L.P. raised its position in shares of iShares MSCI Saudi Arabia ETF by 32.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 137,137 shares of the company’s stock worth $4,993,000 after buying an additional 33,493 shares in the last quarter. Finally, DV Equities LLC bought a new stake in shares of iShares MSCI Saudi Arabia ETF during the 4th quarter worth about $1,596,000.

iShares MSCI Saudi Arabia ETF Price Performance

Shares of iShares MSCI Saudi Arabia ETF stock opened at $37.74 on Thursday. The business’s fifty day moving average price is $38.43 and its two-hundred day moving average price is $38.42. The company has a market capitalization of $634.03 million, a P/E ratio of 15.67 and a beta of 0.46. iShares MSCI Saudi Arabia ETF has a 1-year low of $35.81 and a 1-year high of $41.55.

iShares MSCI Saudi Arabia ETF Company Profile

The iShares MSCI Saudi Arabia ETF (KSA) is an exchange-traded fund that is based on the MSCI Saudi Arabia IMI 25-50 index, a market-cap-weighted index of Saudi Arabian firms covering 99% of the market cap spectrum. KSA was launched on Sep 16, 2015 and is managed by BlackRock.