Short Interest in VanEck Indonesia Index ETF (NYSEARCA:IDX) Decreases By 85.0%

VanEck Indonesia Index ETF (NYSEARCA:IDX) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 30,768 shares, a decrease of 85.0% from the July 15th total of 204,758 shares. Based on an average daily trading volume, of 87,928 shares, the short-interest ratio is currently 0.3 days. Approximately 0.9% of the company’s shares are short sold.

Institutional Trading of VanEck Indonesia Index ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Militia Capital Management LLC purchased a new position in VanEck Indonesia Index ETF during the 1st quarter valued at $402,000. Royal Bank of Canada boosted its stake in VanEck Indonesia Index ETF by 96.1% in the 1st quarter. Royal Bank of Canada now owns 3,963 shares of the company’s stock worth $55,000 after purchasing an additional 1,942 shares in the last quarter. Ascent Advisors LLC purchased a new stake in VanEck Indonesia Index ETF during the 1st quarter valued at about $658,000. OLD Mission Capital LLC grew its position in VanEck Indonesia Index ETF by 157.0% during the 4th quarter. OLD Mission Capital LLC now owns 338,821 shares of the company’s stock valued at $5,594,000 after purchasing an additional 207,001 shares during the last quarter. Finally, Cetera Investment Advisers bought a new stake in VanEck Indonesia Index ETF during the 4th quarter valued at about $853,000.

VanEck Indonesia Index ETF Stock Up 2.1%

Shares of IDX traded up $0.23 during trading hours on Wednesday, hitting $11.35. The company had a trading volume of 26,314 shares, compared to its average volume of 85,764. VanEck Indonesia Index ETF has a 52-week low of $9.51 and a 52-week high of $17.55. The stock’s 50 day moving average price is $10.67 and its 200 day moving average price is $12.86. The firm has a market cap of $36.89 million, a P/E ratio of 11.41 and a beta of 0.31.

About VanEck Indonesia Index ETF

The Market Vectors Indonesia Index ETF (IDX) seeks, before fees and expenses, the price and yield performance of the Market Vectors Indonesia Index (the Index). The Index provides exposure to publicly traded companies that are domiciled and primarily listed in Indonesia, or that generate at least 50% of their revenues in Indonesia. The Index is the property of Market Vectors Index Solutions GmbH, which has contracted with Structured Solutions AG to maintain and calculate the Index.