iShares India 50 ETF (NASDAQ:INDY) Sees Large Increase in Short Interest

iShares India 50 ETF (NASDAQ:INDY) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 397,400 shares, an increase of 42.1% from the September 15th total of 279,600 shares. Based on an average trading volume of 73,100 shares, the days-to-cover ratio is presently 5.4 days.

Institutional Trading of iShares India 50 ETF

A number of hedge funds have recently bought and sold shares of INDY. Banque Cantonale Vaudoise purchased a new stake in iShares India 50 ETF in the first quarter worth about $35,000. Commonwealth Equity Services LLC increased its position in iShares India 50 ETF by 37.1% during the first quarter. Commonwealth Equity Services LLC now owns 18,809 shares of the company’s stock valued at $949,000 after acquiring an additional 5,086 shares during the last quarter. Fortis Group Advisors LLC bought a new position in shares of iShares India 50 ETF during the first quarter valued at approximately $989,000. Clarity Capital Partners LLC purchased a new stake in shares of iShares India 50 ETF during the first quarter valued at $569,000. Finally, Oppenheimer & Co. Inc. bought a new stake in iShares India 50 ETF during the 1st quarter valued at about $690,000.

iShares India 50 ETF Trading Up 0.4 %

Shares of INDY opened at $55.01 on Tuesday. The firm has a fifty day simple moving average of $54.95 and a two-hundred day simple moving average of $53.07. The firm has a market cap of $984.68 million, a PE ratio of 25.20 and a beta of 0.70. iShares India 50 ETF has a 1-year low of $43.60 and a 1-year high of $57.30.

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.