iShares India 50 ETF (NASDAQ:INDY) Shares Shorted: Short Interest Down 36.4% in October

iShares India 50 ETF (NASDAQ:INDY) was the target of a significant decline in short interest during the month of 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 company’s stock are sold short. Based on an average daily trading volume, of 74,198 shares, the short-interest ratio is presently 1.3 days.

Institutional Investors Weigh In On iShares India 50 ETF

Several institutional investors and hedge funds have recently made changes to their positions in INDY. Commonwealth Equity Services LLC acquired a new stake in iShares India 50 ETF during the third quarter worth about $911,000. Signaturefd LLC acquired a new position in iShares India 50 ETF in the 3rd quarter worth about $185,000. Banque Pictet & Cie SA acquired a new stake in iShares India 50 ETF in the third quarter valued at approximately $1,228,000. Sax Wealth Advisors LLC acquired a new stake in iShares India 50 ETF during the 3rd quarter worth $422,000. Finally, Citadel Advisors LLC boosted its stake in iShares India 50 ETF by 20.1% during the second quarter. Citadel Advisors LLC now owns 53,107 shares of the company’s stock worth $2,307,000 after buying an additional 8,898 shares during the last quarter.

iShares India 50 ETF Trading Up 0.7%

Shares of NASDAQ:INDY traded up $0.30 during midday trading on Tuesday, reaching $43.47. 35,665 shares of the company were exchanged, compared to its average volume of 140,008. iShares India 50 ETF has a one year low of $39.90 and a one year high of $54.13. The business’s fifty day moving average is $42.11 and its two-hundred day moving average is $43.70. The stock has a market cap of $519.42 million, a PE ratio of 23.21 and a beta of 0.43.

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.