Short Interest in Global X India Active ETF (NYSEARCA:NDIA) Declines By 44.7%

Global X India Active ETF (NYSEARCA:NDIA) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 1,532 shares, a decline of 44.7% from the July 15th total of 2,769 shares. Based on an average daily trading volume, of 2,069 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in Global X India Active ETF during the second quarter worth about $327,000. IHT Wealth Management LLC boosted 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 worth $499,000 after purchasing an additional 1,100 shares in the last quarter. OLD Mission Capital LLC increased its position in shares of Global X India Active ETF by 171.0% during the 4th quarter. OLD Mission Capital LLC now owns 31,486 shares of the company’s stock valued at $938,000 after purchasing an additional 19,867 shares during the last quarter. Empire Financial Management Company LLC increased its position in shares of Global X India Active ETF by 2.7% during 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 last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Global X India Active ETF by 3.0% during the 1st quarter. Royal Bank of Canada now owns 129,015 shares of the company’s stock valued at $3,339,000 after buying an additional 3,785 shares in the last quarter.

Global X India Active ETF Price Performance

Shares of NYSEARCA:NDIA opened at $27.41 on Wednesday. The company’s fifty day moving average price is $27.18 and its 200-day moving average price is $27.36. The firm has a market capitalization of $58.93 million, a price-to-earnings ratio of 26.49 and a beta of 0.35. Global X India Active ETF has a one year low of $25.04 and a one year high of $30.68.

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.