iShares India 50 ETF (NASDAQ:INDY) Short Interest Down 16.7% in March
by Renee Jackson · The Cerbat GemiShares India 50 ETF (NASDAQ:INDY – Get Free Report) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totaling 133,483 shares, a decline of 16.7% from the March 15th total of 160,152 shares. Based on an average daily trading volume, of 176,609 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.0% of the company’s stock are sold short.
Institutional Trading of iShares India 50 ETF
A number of hedge funds have recently made changes to their positions in INDY. First Horizon Corp bought a new stake in shares of iShares India 50 ETF during the 3rd quarter worth about $44,000. TD Waterhouse Canada Inc. boosted its stake in iShares India 50 ETF by 108.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 887 shares of the company’s stock valued at $44,000 after buying an additional 462 shares in the last quarter. Harbor Investment Advisory LLC acquired a new position in iShares India 50 ETF in the fourth quarter valued at about $54,000. Advisory Services Network LLC acquired a new position in iShares India 50 ETF in the third quarter worth $55,000. Finally, Blue Trust Inc. lifted its position in shares of iShares India 50 ETF by 1,863.5% during the fourth quarter. Blue Trust Inc. now owns 1,885 shares of the company’s stock worth $93,000 after purchasing an additional 1,789 shares in the last quarter.
iShares India 50 ETF Price Performance
iShares India 50 ETF stock traded up $0.94 during mid-day trading on Friday, hitting $45.49. The company’s stock had a trading volume of 189,305 shares, compared to its average volume of 177,656. iShares India 50 ETF has a 52-week low of $40.82 and a 52-week high of $54.87. The company has a market cap of $611.84 million, a PE ratio of 23.21 and a beta of 0.42. The firm’s 50 day moving average is $44.91 and its 200 day moving average is $48.86.
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.