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

iShares MSCI Water Management Multisector ETF (NASDAQ:IWTR) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a decline of 99.9% from the February 28th total of 76,400 shares. Based on an average daily trading volume, of 2,500 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are sold short.

iShares MSCI Water Management Multisector ETF Price Performance

NASDAQ:IWTR opened at $29.64 on Thursday. The company has a market cap of $5.93 million, a P/E ratio of 20.63 and a beta of 0.95. The firm’s fifty day moving average price is $30.00 and its two-hundred day moving average price is $30.70. iShares MSCI Water Management Multisector ETF has a one year low of $28.70 and a one year high of $32.60.

Institutional Investors 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 bought a new position in shares of iShares MSCI Water Management Multisector ETF (NASDAQ:IWTR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 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 as of its most recent filing with the SEC.

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.