Vident International Equity Strategy ETF (NYSEARCA:VIDI) Sees Significant Growth in Short Interest

Vident International Equity Strategy ETF (NYSEARCA:VIDI) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 12,387 shares, an increase of 83.0% from the September 15th total of 6,770 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 14,814 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Vident International Equity Strategy ETF

An institutional investor recently raised its position in Vident International Equity Strategy ETF stock. Farther Finance Advisors LLC grew its stake in shares of Vident International Equity Strategy ETF (NYSEARCA:VIDI) by 2.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,485 shares of the company’s stock after buying an additional 350 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.15% of Vident International Equity Strategy ETF worth $653,000 as of its most recent SEC filing.

Vident International Equity Strategy ETF Price Performance

VIDI stock opened at $39.28 on Thursday. The stock has a market cap of $439.94 million, a price-to-earnings ratio of 9.79 and a beta of 0.78. The company has a 50 day simple moving average of $40.28 and a 200 day simple moving average of $39.46. Vident International Equity Strategy ETF has a 1 year low of $31.90 and a 1 year high of $41.68.

About Vident International Equity Strategy ETF

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.