iShares India 50 ETF (NASDAQ:INDY) Shares Shorted: Short Interest Down 36.4% in October

iShares India 50 ETF (NASDAQ:INDY) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 97,265 shares, a decrease of 36.4% from the September 30th total of 152,987 shares. Based on an average daily trading volume, of 74,198 shares, the short-interest ratio is presently 1.3 days. Approximately 0.8% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in iShares India 50 ETF by 293.1% during the 1st quarter. Bank of America Corp DE now owns 171,080 shares of the company’s stock valued at $7,226,000 after buying an additional 127,557 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of iShares India 50 ETF by 6.8% in the first quarter. Royal Bank of Canada now owns 119,488 shares of the company’s stock worth $5,046,000 after buying an additional 7,579 shares in the last quarter. Cypress Capital Group boosted its position in shares of iShares India 50 ETF by 6.0% during the first quarter. Cypress Capital Group now owns 69,835 shares of the company’s stock worth $2,950,000 after acquiring an additional 3,930 shares during the last quarter. Citadel Advisors LLC boosted its position in shares of iShares India 50 ETF by 20.1% during the second quarter. Citadel Advisors LLC now owns 53,107 shares of the company’s stock worth $2,307,000 after acquiring an additional 8,898 shares during the last quarter. Finally, Banque Pictet & Cie SA bought a new position in shares of iShares India 50 ETF during the third quarter worth $1,228,000.

iShares India 50 ETF Stock Performance

Shares of iShares India 50 ETF stock traded up $0.63 during trading hours on Monday, hitting $43.16. The company’s stock had a trading volume of 33,380 shares, compared to its average volume of 140,237. The business has a 50 day moving average price of $42.12 and a two-hundred day moving average price of $43.73. iShares India 50 ETF has a 12-month low of $39.90 and a 12-month high of $54.13. The company has a market cap of $515.76 million, a PE ratio of 23.21 and a beta of 0.43.

About iShares India 50 ETF

iShares India 50 ETF, formerly iShares S&P India Nifty 50 Index Fund, seeks investment results that correspond generally to the price and yield performance of the S&P CNX Nifty Index (the Index). The Index measures the equity performance of the top 50 companies by market capitalization that trade in the Indian market. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.