Global X India Active ETF (NYSEARCA:NDIA – Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,008 shares, a decline of 82.8% from the August 15th total of 11,689 shares. Based on an average daily trading volume, of 3,493 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the company’s shares are short sold.
Global X India Active ETF Stock Performance
Shares of NDIA traded up $0.16 during trading hours on Friday, hitting $26.78. The stock had a trading volume of 7,890 shares, compared to its average volume of 9,356. The firm has a market cap of $57.58 million, a P/E ratio of 26.49 and a beta of 0.34. The company’s fifty day simple moving average is $27.35 and its 200 day simple moving average is $27.11. Global X India Active ETF has a 12-month low of $25.04 and a 12-month high of $30.68.
Hedge Funds Weigh In On Global X India Active ETF
A number of large investors have recently modified their holdings of NDIA. Citadel Advisors LLC purchased a new position in shares of Global X India Active ETF in the 2nd quarter worth about $301,000. Jane Street Group LLC purchased a new stake in shares of Global X India Active ETF during the 2nd quarter worth about $327,000. IHT Wealth Management LLC increased its position in Global X India Active ETF by 7.3% during the 2nd quarter. IHT Wealth Management LLC now owns 16,250 shares of the company’s stock worth $499,000 after purchasing an additional 1,100 shares in the last quarter. OLD Mission Capital LLC increased its position in Global X India Active ETF by 171.0% during the 4th quarter. OLD Mission Capital LLC now owns 31,486 shares of the company’s stock worth $938,000 after purchasing an additional 19,867 shares in the last quarter. Finally, Empire Financial Management Company LLC raised its holdings in Global X India Active ETF by 10.2% in the first quarter. Empire Financial Management Company LLC now owns 51,906 shares of the company’s stock valued at $1,343,000 after buying an additional 4,791 shares during the period.
Global X India Active ETF Company Profile
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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