Short Interest in Global X India Active ETF (NYSEARCA:NDIA) Decreases By 67.6%

Global X India Active ETF (NYSEARCA:NDIA) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 2,370 shares, a decrease of 67.6% from the May 31st total of 7,307 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 17,841 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Global X India Active ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Global X India Active ETF in the second quarter valued at $5,540,000. Jane Street Group LLC acquired a new stake in shares of Global X India Active ETF during the second quarter worth about $327,000. IHT Wealth Management LLC lifted its holdings in shares of Global X India Active ETF by 7.3% in the 2nd quarter. IHT Wealth Management LLC now owns 16,250 shares of the company’s stock valued at $499,000 after purchasing an additional 1,100 shares during the last quarter. Boothe Investment Group Inc. lifted its holdings in shares of Global X India Active ETF by 3.2% in the 4th quarter. Boothe Investment Group Inc. now owns 400,931 shares of the company’s stock valued at $11,948,000 after purchasing an additional 12,246 shares during the last quarter. Finally, Empire Financial Management Company LLC boosted its position in shares of Global X India Active ETF by 2.7% in the 4th quarter. Empire Financial Management Company LLC now owns 47,115 shares of the company’s stock valued at $1,404,000 after purchasing an additional 1,220 shares during the period.

Global X India Active ETF Stock Performance

NDIA stock traded up $0.10 during midday trading on Friday, reaching $27.24. 2,233 shares of the company were exchanged, compared to its average volume of 12,061. Global X India Active ETF has a 1-year low of $25.04 and a 1-year high of $30.95. The stock’s 50-day simple moving average is $26.82 and its 200 day simple moving average is $27.95. The company has a market cap of $56.11 million, a price-to-earnings ratio of 26.49 and a beta of 0.37.

Global X India Active ETF Company Profile

The Global X India Active ETF (NDIA) is an exchange-traded fund that mostly invests in total market equity. The fund seeks long-term growth of capital by investing in a concentrated portfolio of Indian equities. The fund uses bottom-up, fundamental analysis to actively select and manage its holdings. NDIA was launched on Aug 17, 2023 and is issued by Global X.