VanEck Indonesia Index ETF (NYSEARCA:IDX – Get Free Report) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 30,768 shares, a decline of 85.0% from the July 15th total of 204,758 shares. Based on an average trading volume of 87,928 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.9% of the shares of the company are sold short.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. Ascent Advisors LLC purchased a new position in VanEck Indonesia Index ETF during the first quarter valued at approximately $658,000. Foundations Investment Advisors LLC purchased a new stake in VanEck Indonesia Index ETF in the 4th quarter worth approximately $848,000. Copia Wealth Management purchased a new stake in VanEck Indonesia Index ETF in the 4th quarter worth approximately $72,000. Mutual Advisors LLC bought a new position in VanEck Indonesia Index ETF in the 4th quarter valued at $451,000. Finally, OLD Mission Capital LLC boosted its holdings in VanEck Indonesia Index ETF by 157.0% in the 4th quarter. OLD Mission Capital LLC now owns 338,821 shares of the company’s stock valued at $5,594,000 after purchasing an additional 207,001 shares during the period.
VanEck Indonesia Index ETF Price Performance
Shares of NYSEARCA:IDX traded down $0.24 during trading on Thursday, hitting $11.11. 22,482 shares of the company were exchanged, compared to its average volume of 85,366. VanEck Indonesia Index ETF has a 52-week low of $9.51 and a 52-week high of $17.55. The stock has a 50 day moving average of $10.70 and a 200 day moving average of $12.78. The company has a market cap of $36.11 million, a PE ratio of 11.41 and a beta of 0.31.
About VanEck Indonesia Index ETF
The Market Vectors Indonesia Index ETF (IDX) seeks, before fees and expenses, the price and yield performance of the Market Vectors Indonesia Index (the Index). The Index provides exposure to publicly traded companies that are domiciled and primarily listed in Indonesia, or that generate at least 50% of their revenues in Indonesia. The Index is the property of Market Vectors Index Solutions GmbH, which has contracted with Structured Solutions AG to maintain and calculate the Index.
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