Invesco India ETF (NYSEARCA:PIN) Sees Significant Drop in Short Interest

Invesco India ETF (NYSEARCA:PIN) saw a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 3,051 shares, a decline of 85.4% from the January 15th total of 20,926 shares. Based on an average daily volume of 47,894 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 47,894 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC grew its position in shares of Invesco India ETF by 147.7% in the fourth quarter. Global Retirement Partners LLC now owns 13,003 shares of the company’s stock valued at $316,000 after purchasing an additional 7,753 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Invesco India ETF by 2,376.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 85,497 shares of the company’s stock worth $2,078,000 after buying an additional 82,045 shares during the last quarter. Sharper & Granite LLC boosted its stake in Invesco India ETF by 4.8% during the fourth quarter. Sharper & Granite LLC now owns 12,615 shares of the company’s stock worth $307,000 after buying an additional 575 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Invesco India ETF by 211.0% in the 4th quarter. Farther Finance Advisors LLC now owns 2,550 shares of the company’s stock valued at $62,000 after buying an additional 1,730 shares in the last quarter. Finally, Arvest Investments Inc. increased its stake in shares of Invesco India ETF by 15.6% in the 4th quarter. Arvest Investments Inc. now owns 139,454 shares of the company’s stock worth $3,390,000 after acquiring an additional 18,795 shares during the last quarter. 40.83% of the stock is owned by hedge funds and other institutional investors.

Invesco India ETF Stock Performance

Shares of NYSEARCA PIN traded up $0.08 during mid-day trading on Tuesday, reaching $24.15. The company’s stock had a trading volume of 56,359 shares, compared to its average volume of 48,373. The stock has a 50-day moving average of $24.38 and a two-hundred day moving average of $25.31. The stock has a market capitalization of $183.30 million, a P/E ratio of 26.32 and a beta of 0.47. Invesco India ETF has a 1-year low of $22.99 and a 1-year high of $27.20.

About Invesco India ETF

PowerShares India Portfolio (the Fund) is based on the Indus India Index (Index). The Fund seeks to achieve its investment objective by investing substantially all of its assets in a wholly-owned subsidiary located in the Republic of Mauritius (the Subsidiary), which in turn invests at least 90% of its total assets in securities of Indian companies that consists of the Index, as well as American depositary receipts(ADR) and global depositary receipts (GDR) based on the securities in the Index. The Index is designed to represent the segment of the Indian equity markets.