iShares India 50 ETF (NASDAQ:INDY – Get Free Report) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 162,376 shares, an increase of 62.2% from the April 30th total of 100,129 shares. Based on an average daily trading volume, of 143,031 shares, the short-interest ratio is currently 1.1 days. Approximately 1.2% of the company’s stock are sold short.
iShares India 50 ETF Trading Up 1.3%
Shares of INDY stock opened at $42.27 on Friday. The stock has a market cap of $568.53 million, a PE ratio of 23.21 and a beta of 0.42. The company’s fifty day moving average price is $43.04 and its 200-day moving average price is $46.63. iShares India 50 ETF has a 12 month low of $40.82 and a 12 month high of $54.87.
Hedge Funds Weigh In On iShares India 50 ETF
Hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in iShares India 50 ETF by 11.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,859 shares of the company’s stock worth $95,000 after buying an additional 198 shares during the last quarter. Carret Asset Management LLC grew its stake in shares of iShares India 50 ETF by 2.1% during the 4th quarter. Carret Asset Management LLC now owns 12,784 shares of the company’s stock valued at $630,000 after acquiring an additional 260 shares during the period. Webster Bank N. A. grew its stake in shares of iShares India 50 ETF by 9.9% during the 4th quarter. Webster Bank N. A. now owns 3,390 shares of the company’s stock valued at $167,000 after acquiring an additional 305 shares during the period. NewEdge Advisors LLC grew its stake in shares of iShares India 50 ETF by 7.5% during the 4th quarter. NewEdge Advisors LLC now owns 4,448 shares of the company’s stock valued at $219,000 after acquiring an additional 312 shares during the period. Finally, Signaturefd LLC grew its stake in shares of iShares India 50 ETF by 8.1% during the 4th quarter. Signaturefd LLC now owns 4,511 shares of the company’s stock valued at $222,000 after acquiring an additional 338 shares during the period.
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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
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