Global X India Active ETF (NYSEARCA:NDIA – Get Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 63,872 shares, an increase of 4,141.2% from the September 30th total of 1,506 shares. Currently, 3.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,118 shares, the days-to-cover ratio is currently 7.9 days.
Global X India Active ETF Trading Up 0.3%
NYSEARCA NDIA traded up $0.08 on Tuesday, hitting $26.09. 602 shares of the company were exchanged, compared to its average volume of 8,812. The firm has a 50 day moving average of $26.68 and a two-hundred day moving average of $27.33. The company has a market cap of $48.27 million, a P/E ratio of 26.49 and a beta of 0.36. Global X India Active ETF has a 1-year low of $25.04 and a 1-year high of $30.42.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in NDIA. Boothe Investment Group Inc. lifted its position in shares of Global X India Active ETF by 4.9% in the third quarter. Boothe Investment Group Inc. now owns 584,158 shares of the company’s stock valued at $15,247,000 after buying an additional 27,453 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Global X India Active ETF in the second quarter worth $301,000. Empire Financial Management Company LLC grew its stake in Global X India Active ETF by 10.2% during the first quarter. Empire Financial Management Company LLC now owns 51,906 shares of the company’s stock worth $1,343,000 after buying an additional 4,791 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in Global X India Active ETF by 3.0% in the 1st quarter. Royal Bank of Canada now owns 129,015 shares of the company’s stock valued at $3,339,000 after buying an additional 3,785 shares during the period.
About Global X India Active ETF
The Global X India Active ETF (NDIA) is an exchange-traded fund that mostly invests in total market equity. The fund seeks long-term growth of capital by investing in a concentrated portfolio of Indian equities. The fund uses bottom-up, fundamental analysis to actively select and manage its holdings. NDIA was launched on Aug 17, 2023 and is issued by Global X.
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