iShares MSCI Water Management Multisector ETF (NASDAQ:IWTR) Sees Large Decrease in Short Interest

iShares MSCI Water Management Multisector ETF (NASDAQ:IWTR) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 2,400 shares, a decline of 7.7% from the October 31st total of 2,600 shares. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Trading of 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 position in shares of iShares MSCI Water Management Multisector ETF (NASDAQ:IWTR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 46,922 shares of the company’s stock, valued at approximately $1,505,000. Flow Traders U.S. LLC owned approximately 23.46% of iShares MSCI Water Management Multisector ETF at the end of the most recent reporting period.

iShares MSCI Water Management Multisector ETF Trading Up 0.7 %

IWTR traded up $0.23 on Monday, hitting $31.69. 252 shares of the stock traded hands, compared to its average volume of 929. The business has a fifty day moving average price of $31.76 and a two-hundred day moving average price of $31.30. The firm has a market capitalization of $6.34 million, a PE ratio of 21.65 and a beta of -0.84. iShares MSCI Water Management Multisector ETF has a 52 week low of $27.85 and a 52 week high of $32.60.

About iShares MSCI Water Management Multisector ETF

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.