iShares MSCI Water Management Multisector ETF (NASDAQ:IWTR) Short Interest Up 547.5% in February

iShares MSCI Water Management Multisector ETF (NASDAQ:IWTR) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 76,400 shares, an increase of 547.5% from the February 13th total of 11,800 shares. Based on an average daily trading volume, of 2,400 shares, the short-interest ratio is currently 31.8 days. Approximately 38.2% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares MSCI Water Management Multisector ETF

A hedge fund recently bought a new stake in iShares MSCI Water Management Multisector ETF stock. Flow Traders U.S. LLC purchased a new stake in iShares MSCI Water Management Multisector ETF (NASDAQ:IWTR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 46,922 shares of the company’s stock, valued at approximately $1,505,000. Flow Traders U.S. LLC owned 23.46% of iShares MSCI Water Management Multisector ETF as of its most recent filing with the Securities & Exchange Commission.

iShares MSCI Water Management Multisector ETF Stock Performance

Shares of IWTR traded up $0.29 during trading hours on Friday, hitting $29.52. The stock had a trading volume of 147 shares, compared to its average volume of 1,225. iShares MSCI Water Management Multisector ETF has a 12-month low of $28.70 and a 12-month high of $32.60. The firm has a market cap of $5.90 million, a P/E ratio of 20.77 and a beta of -0.84. The company’s fifty day simple moving average is $29.88 and its 200 day simple moving average is $30.77.

iShares MSCI Water Management Multisector ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a $0.7812 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

iShares MSCI Water Management Multisector ETF Company Profile

The iShares MSCI Water Management Multisector ETF (IWTR) is an exchange-traded fund that is based on the MSCI USA Extended ESG Focus index. The fund tracks a tier-weighted index of global companies that derive revenue from sustainable water or demonstrate relatively efficient water management. IWTR was launched on Sep 20, 2022 and is managed by BlackRock.