VanEck Indonesia Index ETF (NYSEARCA:IDX) Sees Large Growth in Short Interest

VanEck Indonesia Index ETF (NYSEARCA:IDX) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 19,153 shares, a growth of 89.0% from the September 30th total of 10,132 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 30,923 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On VanEck Indonesia Index ETF

Institutional investors have recently modified their holdings of the business. Militia Capital Management LLC bought a new stake in shares of VanEck Indonesia Index ETF during the 1st quarter worth $402,000. Royal Bank of Canada lifted 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 valued at $55,000 after purchasing an additional 1,942 shares during the last quarter. Finally, Ascent Advisors LLC acquired a new stake in shares of VanEck Indonesia Index ETF during the 1st quarter valued at $658,000.

VanEck Indonesia Index ETF Price Performance

Shares of IDX opened at $8.79 on Friday. VanEck Indonesia Index ETF has a one year low of $8.73 and a one year high of $17.55. The company has a market cap of $30.33 million, a P/E ratio of 11.41 and a beta of 0.34. The firm has a 50 day simple moving average of $10.76 and a two-hundred day simple moving average of $12.42.

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.