Short Interest in VanEck Indonesia Index ETF (NYSEARCA:IDX) Grows By 77.2%

VanEck Indonesia Index ETF (NYSEARCA:IDX) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 160,551 shares, an increase of 77.2% from the April 15th total of 90,584 shares. Currently, 7.3% of the company’s shares are sold short. Based on an average daily trading volume, of 42,445 shares, the short-interest ratio is currently 3.8 days.

Institutional Investors Weigh In On VanEck Indonesia Index ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in shares of VanEck Indonesia Index ETF by 96.1% in the first quarter. Royal Bank of Canada now owns 3,963 shares of the company’s stock valued at $55,000 after buying an additional 1,942 shares during the period. Copia Wealth Management acquired a new stake in shares of VanEck Indonesia Index ETF in the fourth quarter valued at about $72,000. Susquehanna International Group LLP acquired a new stake in VanEck Indonesia Index ETF during the third quarter worth approximately $229,000. HRT Financial LP acquired a new stake in VanEck Indonesia Index ETF during the fourth quarter worth approximately $389,000. Finally, Mutual Advisors LLC acquired a new stake in VanEck Indonesia Index ETF during the fourth quarter worth approximately $451,000.

VanEck Indonesia Index ETF Trading Down 4.6%

Shares of IDX stock opened at $11.40 on Wednesday. The stock has a market cap of $25.08 million, a price-to-earnings ratio of 11.41 and a beta of 0.37. The stock has a 50-day moving average of $13.52 and a 200-day moving average of $15.46. VanEck Indonesia Index ETF has a 1-year low of $11.38 and a 1-year high of $17.55.

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.