Short Interest in iShares India 50 ETF (NASDAQ:INDY) Rises By 42.1%

iShares India 50 ETF (NASDAQ:INDY) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 397,400 shares, an increase of 42.1% from the September 15th total of 279,600 shares. Based on an average trading volume of 73,100 shares, the short-interest ratio is currently 5.4 days.

Institutional Trading of iShares India 50 ETF

Hedge funds have recently bought and sold shares of the business. Park Place Capital Corp purchased a new stake in iShares India 50 ETF in the second quarter worth $34,000. Banque Cantonale Vaudoise purchased a new stake in shares of iShares India 50 ETF during the 1st quarter valued at approximately $35,000. SVB Wealth LLC bought a new position in iShares India 50 ETF in the 1st quarter worth approximately $204,000. Waypoint Capital Advisors LLC purchased a new position in iShares India 50 ETF in the 2nd quarter valued at approximately $227,000. Finally, Owen LaRue LLC bought a new stake in iShares India 50 ETF during the 1st quarter valued at $303,000.

iShares India 50 ETF Stock Up 0.4 %

INDY stock opened at $55.01 on Tuesday. The stock’s 50 day moving average is $54.95 and its 200-day moving average is $53.07. iShares India 50 ETF has a twelve month low of $43.60 and a twelve month high of $57.30. The firm has a market capitalization of $984.68 million, a PE ratio of 25.20 and a beta of 0.70.

iShares India 50 ETF Company Profile

iShares India 50 ETF, formerly iShares S&P India Nifty 50 Index Fund, seeks investment results that correspond generally to the price and yield performance of the S&P CNX Nifty Index (the Index). The Index measures the equity performance of the top 50 companies by market capitalization that trade in the Indian market.