Global X India Active ETF (NYSEARCA:NDIA – Get Free Report) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 2,370 shares, a drop of 67.6% from the May 31st total of 7,307 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 17,841 shares, the days-to-cover ratio is presently 0.1 days.
Global X India Active ETF Stock Performance
NYSEARCA:NDIA traded up $0.10 during trading hours on Friday, hitting $27.24. The company’s stock had a trading volume of 2,233 shares, compared to its average volume of 12,061. Global X India Active ETF has a 52-week low of $25.04 and a 52-week high of $30.95. The business’s 50-day moving average is $26.82 and its two-hundred day moving average is $27.95. The company has a market capitalization of $56.11 million, a PE ratio of 26.49 and a beta of 0.37.
Hedge Funds Weigh In On Global X India Active ETF
Large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Global X India Active ETF by 48.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 266,900 shares of the company’s stock valued at $7,648,000 after acquiring an additional 86,660 shares during the period. Empire Financial Management Company LLC grew its holdings in shares of Global X India Active ETF by 2.7% in the 4th quarter. Empire Financial Management Company LLC now owns 47,115 shares of the company’s stock worth $1,404,000 after acquiring an additional 1,220 shares during the period. IHT Wealth Management LLC increased its stake in Global X India Active ETF by 19.5% in the 4th quarter. IHT Wealth Management LLC now owns 40,030 shares of the company’s stock valued at $1,193,000 after purchasing an additional 6,525 shares in the last quarter. OLD Mission Capital LLC increased its stake in Global X India Active ETF by 171.0% in the 4th quarter. OLD Mission Capital LLC now owns 31,486 shares of the company’s stock valued at $938,000 after purchasing an additional 19,867 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in Global X India Active ETF by 58.6% during the fourth quarter. Jane Street Group LLC now owns 11,411 shares of the company’s stock worth $340,000 after purchasing an additional 4,218 shares during the last quarter.
About Global X India Active ETF
The Global X India Active ETF (NDIA) is an exchange-traded fund that mostly invests in total market equity. The fund seeks long-term growth of capital by investing in a concentrated portfolio of Indian equities. The fund uses bottom-up, fundamental analysis to actively select and manage its holdings. NDIA was launched on Aug 17, 2023 and is issued by Global X.
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