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

iShares MSCI Water Management Multisector ETF (NASDAQ:IWTRGet Free Report) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a drop of 99.9% from the February 28th total of 76,400 shares. Based on an average daily volume of 2,500 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

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 shares of iShares MSCI Water Management Multisector ETF (NASDAQ:IWTRFree Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 46,922 shares of the company’s stock, valued at approximately $1,505,000. Flow Traders U.S. LLC owned about 23.46% of iShares MSCI Water Management Multisector ETF at the end of the most recent quarter.

iShares MSCI Water Management Multisector ETF Stock Performance

Shares of iShares MSCI Water Management Multisector ETF stock traded down $0.23 during trading on Wednesday, reaching $29.64. 1,035 shares of the company’s stock were exchanged, compared to its average volume of 1,248. The firm’s 50-day moving average price is $30.00 and its 200 day moving average price is $30.71. The company has a market cap of $5.93 million, a P/E ratio of 20.63 and a beta of 0.95. iShares MSCI Water Management Multisector ETF has a 1-year low of $28.70 and a 1-year high of $32.60.

iShares MSCI Water Management Multisector ETF Company Profile

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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.

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