iShares India 50 ETF (NASDAQ:INDY – Get Free Report) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 97,265 shares, a drop of 36.4% from the September 30th total of 152,987 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily volume of 74,198 shares, the short-interest ratio is presently 1.3 days.
Institutional Trading of iShares India 50 ETF
Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its position in shares of iShares India 50 ETF by 293.1% during the 1st quarter. Bank of America Corp DE now owns 171,080 shares of the company’s stock valued at $7,226,000 after acquiring an additional 127,557 shares during the last quarter. Royal Bank of Canada increased its position in iShares India 50 ETF by 6.8% in the first quarter. Royal Bank of Canada now owns 119,488 shares of the company’s stock worth $5,046,000 after purchasing an additional 7,579 shares during the last quarter. Cypress Capital Group increased its position in iShares India 50 ETF by 6.0% in the first quarter. Cypress Capital Group now owns 69,835 shares of the company’s stock worth $2,950,000 after purchasing an additional 3,930 shares during the last quarter. Citadel Advisors LLC increased its position in iShares India 50 ETF by 20.1% in the second quarter. Citadel Advisors LLC now owns 53,107 shares of the company’s stock worth $2,307,000 after purchasing an additional 8,898 shares during the last quarter. Finally, Banque Pictet & Cie SA bought a new stake in iShares India 50 ETF in the third quarter worth $1,228,000.
iShares India 50 ETF Price Performance
Shares of INDY stock traded up $0.63 during trading hours on Monday, hitting $43.16. The stock had a trading volume of 33,380 shares, compared to its average volume of 140,237. The stock’s 50-day moving average price is $42.12 and its two-hundred day moving average price is $43.73. iShares India 50 ETF has a one year low of $39.90 and a one year high of $54.13. The stock has a market capitalization of $515.76 million, a price-to-earnings ratio of 23.21 and a beta of 0.43.
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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