Traders are Getting Bullish on This India-Focused ETF

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September 6, 2016 11:24am NYSE:EPI NYSE:INDA

This morning in our ETF/Index Options Recap, we speak about call activity in infrequently traded WisdomTree India Earnings Fund ETF (NYSE:EPI) (Expense Ratio 0.83%) options, where we saw some action in the September 21 strikes.


Trading volume in this ETF on Friday was roughly double the typical daily volume, where nearly 7.5 million shares traded. This morning EPI is once again higher, trading at its highest levels since August of 2015.

The recent three day rally in the greater Emerging Markets space certainly has not hurt India, which comes in at an 8% weighting of the MSCI Emerging Markets Index. Year-to-date, EPI has actually seen net outflows to the tune of >$238 million out, making it the second largest “India Equity” ETF in the U.S. listed landscape.

EPI-2016-09-06

INDA (iShares MSCI India, Expense Ratio 0.68%) has been aided by year-to-date inflows of >$317 million in, giving it a decisive edge over EPI in terms of asset supremacy, currently storing $4.1 billion in assets under management (almost 3x the AUM of EPI). Given the interest here in Emerging Markets and India specifically on the strength in underlying markets, we also have our eyes on the following funds:

  • INDY (iShares India 50, Expense Ratio 0.94%),
  • PIN (PowerShares India, Expense Ratio 0.85%),
  • INP (iPath MSCI India Index ETN, Expense Ratio 0.89%),
  • SCIF (VanEck Vectors India Small-Cap, Expense Ratio 0.89%), and
  • The levered Daily Bull fund INDL (Direxion Daily India Bull 3X, Expense Ratio 0.95%).

EPI shares rose $0.20 (+0.91%) to $22.26 in Tuesday morning trading, hitting a fresh 52-week high. EPI has now gained about 12% year-to-date.

Disclaimer: The content of this article is excerpted from a daily newsletter from Street One Financial. While ETF Daily News may edit the contents and add a relevant title to the piece, the author, Paul Weisbruch, does not endorse or recommend any issuer or security mentioned herein.

About the Author: Paul Weisbruch
paul-weisbruchPaul Weisbruch is the VP of ETF/Options Sales and Trading at Street One Financial. Prior to joining the team at Street One, Paul served as the Director of RIA and Institutional ETF Sales at RevenueShares ETFs from December 2007 until November of 2009. Before RevenueShares, Paul was employed by Susquehanna International Group from 2000 until 2007 serving in roles including OTC/NYSE Institutional Block Trading, Nasdaq/OTC Market Making, ETF/Derivatives Intelligence and Strategy, Algorithmic Trading, as well as acting as the PHLX Floor Specialist in the ETFs, SPY and DIA.

Paul has been actively involved in the ETF space from both a product and trading standpoint since 2000. Additionally, Paul has well forged relationships with national RIAs, institutional pension fund managers and consultants, mutual fund and hedge fund managers, and also the ETF media. Co-authoring the “S1F ETF Daily” since 2009, the daily piece has become a must for many portfolio managers in the ETF space, with segments regularly appearing in the likes of Barron’s, WSJ, and ETFTrends.com for instance.

He holds his Series 4 (Registered Options Principal), 6, 7, 55 (Equity Trader), 63, and 65 licenses. He graduated from the University of Pittsburgh (B.S. – Economics), graduating magna cum laude, and has an MBA from Villanova University.


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