iShares India 50 ETF (NASDAQ:INDY – Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 247,400 shares, a drop of 16.9% from the August 15th total of 297,600 shares. Based on an average daily trading volume, of 77,500 shares, the short-interest ratio is currently 3.2 days.
iShares India 50 ETF Stock Performance
Shares of INDY opened at $46.33 on Tuesday. iShares India 50 ETF has a 1 year low of $39.42 and a 1 year high of $46.63. The stock has a market capitalization of $660.20 million, a P/E ratio of 22.30 and a beta of 0.70. The company’s fifty day moving average is $45.53 and its two-hundred day moving average is $43.84.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in INDY. Osaic Holdings Inc. raised its stake in shares of iShares India 50 ETF by 20.3% during the 2nd quarter. Osaic Holdings Inc. now owns 7,676 shares of the company’s stock worth $346,000 after buying an additional 1,294 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of iShares India 50 ETF by 12.0% in the 2nd quarter. Royal Bank of Canada now owns 69,160 shares of the company’s stock valued at $3,115,000 after purchasing an additional 7,392 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in iShares India 50 ETF by 32.7% in the second quarter. Rockefeller Capital Management L.P. now owns 7,309 shares of the company’s stock valued at $329,000 after buying an additional 1,803 shares in the last quarter. Stifel Financial Corp acquired a new position in iShares India 50 ETF during the second quarter worth $1,801,000. Finally, MML Investors Services LLC raised its stake in shares of iShares India 50 ETF by 13.1% during the 2nd quarter. MML Investors Services LLC now owns 5,758 shares of the company’s stock worth $259,000 after buying an additional 665 shares during the last quarter.
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.
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