Short Interest in iShares India 50 ETF (NASDAQ:INDY) Decreases By 29.9%

iShares India 50 ETF (NASDAQ:INDY) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 53,145 shares, a decline of 29.9% from the January 29th total of 75,773 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 209,860 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 209,860 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares India 50 ETF

Institutional investors have recently added to or reduced their stakes in the business. First Horizon Corp bought a new stake in iShares India 50 ETF in the third quarter worth approximately $44,000. TD Waterhouse Canada Inc. grew its position in shares of iShares India 50 ETF by 108.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 887 shares of the company’s stock worth $44,000 after buying an additional 462 shares during the period. Harbor Investment Advisory LLC bought a new stake in shares of iShares India 50 ETF in the 4th quarter valued at $54,000. Advisory Services Network LLC acquired a new position in shares of iShares India 50 ETF during the 3rd quarter valued at $55,000. Finally, Blue Trust Inc. lifted its position in shares of iShares India 50 ETF by 1,863.5% during the 4th quarter. Blue Trust Inc. now owns 1,885 shares of the company’s stock valued at $93,000 after acquiring an additional 1,789 shares during the period.

iShares India 50 ETF Stock Down 2.2%

Shares of NASDAQ:INDY traded down $1.03 during trading on Monday, hitting $46.16. 160,004 shares of the company were exchanged, compared to its average volume of 176,301. iShares India 50 ETF has a 1-year low of $46.01 and a 1-year high of $54.87. The company has a market capitalization of $604.70 million, a P/E ratio of 23.21 and a beta of 0.45. The business’s 50 day moving average is $48.15 and its 200-day moving average is $50.81.

iShares India 50 ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a $3.9951 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a dividend yield of 1,664.0%.

iShares India 50 ETF Company Profile

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.