IDX Dynamic Innovation ETF (NASDAQ:DYNI) Sees Significant Growth in Short Interest

IDX Dynamic Innovation ETF (NASDAQ:DYNI) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 2,200 shares, a growth of 46.7% from the February 28th total of 1,500 shares. Based on an average daily trading volume, of 7,900 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the company’s shares are sold short.

IDX Dynamic Innovation ETF Price Performance

Shares of NASDAQ DYNI traded down $0.37 during midday trading on Friday, hitting $25.69. The company’s stock had a trading volume of 390 shares, compared to its average volume of 6,681. The firm has a market capitalization of $15.93 million, a price-to-earnings ratio of 25.10 and a beta of 1.29. The business’s fifty day simple moving average is $27.85 and its two-hundred day simple moving average is $28.22. IDX Dynamic Innovation ETF has a 1 year low of $25.34 and a 1 year high of $30.35.

About IDX Dynamic Innovation ETF

The IDX Dynamic Innovation ETF (DYNI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund-of-funds that invests in technology equity ETFs with exposure to companies from around the world with addressable markets perceived to have potential for widespread adoption.