iShares India 50 ETF (NASDAQ:INDY) Stock Short Interest Drops 36.4%

iShares India 50 ETF (NASDAQ:INDY) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 97,265 shares, a decline of 36.4% from the September 30th total of 152,987 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average trading volume of 74,198 shares, the days-to-cover ratio is presently 1.3 days.

Hedge Funds Weigh In On iShares India 50 ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp bought a new stake in shares of iShares India 50 ETF during the first quarter valued at approximately $46,000. Signaturefd LLC bought a new position in iShares India 50 ETF in the 3rd quarter worth approximately $185,000. StoneX Group Inc. acquired a new position in iShares India 50 ETF during the 3rd quarter worth $232,000. Brighton Jones LLC acquired a new position in iShares India 50 ETF during the 3rd quarter worth $358,000. Finally, Sax Wealth Advisors LLC bought a new position in iShares India 50 ETF in the third quarter valued at about $422,000.

iShares India 50 ETF Price Performance

NASDAQ INDY opened at $43.34 on Wednesday. The firm has a market cap of $517.91 million, a PE ratio of 23.21 and a beta of 0.43. iShares India 50 ETF has a one year low of $39.90 and a one year high of $54.13. The stock’s 50 day simple moving average is $42.11 and its 200 day simple moving average is $43.68.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.