Significant Rise in Short Interest for iShares India 50 ETF (NASDAQ:INDY)

The iShares India 50 ETF (NASDAQ:INDY) has seen a notable increase in its short interest for the month of September. By September 30th, the total short interest climbed to 397,400 shares, which represents a substantial rise of 42.1% from the 279,600 shares reported on September 15th. Given the current average daily trading volume of 73,100 shares, this increase has resulted in a short-interest ratio of approximately 5.4 days.

Current Stock Performance of iShares India 50 ETF

On the trading day following the report, INDY stock opened at $54.79. Over the past year, the ETF has experienced fluctuations, reaching a low of $43.60 and a high of $57.30. The market capitalization of the iShares India 50 ETF stands at around $980.74 million, with an earnings per share (P/E) ratio of 25.20 and a beta of 0.70. The ETF’s price performance is further detailed by its 50-day moving average of $54.90 and a 200-day moving average of $53.02.

Institutional Investor Activity in iShares India 50 ETF

Recent transactions by institutional investors highlight growing interest in the iShares India 50 ETF. Creative Planning has increased its stake by 8.5% during the third quarter, acquiring a total of 24,732 shares valued at approximately $1,392,000 after adding 1,929 shares. Gateway Advisory LLC also raised its holding by 2.0% in the second quarter, bringing its ownership to 130,228 shares worth around $6,988,000 following the purchase of an additional 2,529 shares. Additionally, Marshall Wace LLP entered the market with a new investment in the ETF valued at roughly $317,000 during the second quarter. Commonwealth Equity Services LLC increased its stake by 1.8%, now holding 19,147 shares valued at about $1,027,000 after purchasing an extra 338 shares last quarter. Further, Waypoint Capital Advisors LLC made a new investment in the second quarter worth approximately $227,000.

Overview of iShares India 50 ETF

The iShares India 50 ETF, previously known as the iShares S&P India Nifty 50 Index Fund, aims to deliver investment results that closely correspond to the price and yield performance of the S&P CNX Nifty Index. This index reflects the equity performance of the top 50 companies by market capitalization actively traded in the Indian market.

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Stock, Short, ETF