Vident International Equity Strategy ETF (NYSEARCA:VIDI) Sees Large Drop in Short Interest

Vident International Equity Strategy ETF (NYSEARCA:VIDI) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 17,901 shares, a drop of 46.9% from the June 15th total of 33,695 shares. Based on an average trading volume of 18,269 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.2% of the company’s shares are sold short.

Vident International Equity Strategy ETF Stock Up 0.2%

NYSEARCA:VIDI traded up $0.09 on Wednesday, reaching $39.27. 1,194 shares of the company’s stock were exchanged, compared to its average volume of 25,510. The firm has a market capitalization of $439.82 million, a price-to-earnings ratio of 9.79 and a beta of 0.77. Vident International Equity Strategy ETF has a 52-week low of $29.48 and a 52-week high of $41.67. The business has a fifty day moving average of $39.83 and a 200-day moving average of $37.76.

Hedge Funds Weigh In On Vident International Equity Strategy ETF

An institutional investor recently raised its position in Vident International Equity Strategy ETF stock. Strategic Blueprint LLC increased its stake in shares of Vident International Equity Strategy ETF (NYSEARCA:VIDI) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,850 shares of the company’s stock after purchasing an additional 330 shares during the quarter. Strategic Blueprint LLC owned 0.20% of Vident International Equity Strategy ETF worth $770,000 at the end of the most recent quarter.

Vident International Equity Strategy ETF Company Profile

The Vident International Equity Fund (VIDI) is an exchange-traded fund that is based on the Vident Core International Equity index. The fund tracks an index of companies from both developed and emerging markets, ex-US. The fund selects and weights its constituents in a tiered structure based on various risk and fundamental measures. VIDI was launched on Oct 29, 2013 and is managed by Vident.