Short Interest in iShares India 50 ETF (NASDAQ:INDY) Grows By 21.9%

iShares India 50 ETF (NASDAQ:INDY) saw a large growth in short interest in October. As of October 15th, there was short interest totalling 484,400 shares, a growth of 21.9% from the September 30th total of 397,400 shares. Based on an average daily volume of 73,400 shares, the short-interest ratio is presently 6.6 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in INDY. Park Place Capital Corp bought a new position in shares of iShares India 50 ETF in the second quarter valued at about $34,000. Optimum Investment Advisors bought a new position in shares of iShares India 50 ETF in the third quarter valued at about $56,000. Farther Finance Advisors LLC raised its holdings in shares of iShares India 50 ETF by 421.5% in the third quarter. Farther Finance Advisors LLC now owns 1,163 shares of the company’s stock valued at $65,000 after buying an additional 940 shares during the last quarter. SVB Wealth LLC bought a new position in shares of iShares India 50 ETF in the first quarter valued at about $204,000. Finally, Lake Street Private Wealth LLC bought a new position in shares of iShares India 50 ETF in the third quarter valued at about $204,000.

iShares India 50 ETF Stock Performance

Shares of NASDAQ:INDY traded down $0.32 on Wednesday, hitting $53.36. The stock had a trading volume of 46,964 shares, compared to its average volume of 82,532. iShares India 50 ETF has a twelve month low of $43.70 and a twelve month high of $57.30. The firm’s 50 day moving average price is $55.01 and its 200-day moving average price is $53.33. The company has a market capitalization of $955.14 million, a price-to-earnings ratio of 25.20 and a beta of 0.70.

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.