India Internet ETF (NYSEARCA:INQQ) Short Interest Update

India Internet ETF (NYSEARCA:INQQ) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 152 shares, a decrease of 86.7% from the April 15th total of 1,141 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 38,833 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of India Internet ETF

Large investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of India Internet ETF in the second quarter worth about $81,000. Osaic Holdings Inc. grew its stake in India Internet ETF by 21.5% during the 2nd quarter. Osaic Holdings Inc. now owns 6,382 shares of the company’s stock valued at $106,000 after purchasing an additional 1,130 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in India Internet ETF during the 3rd quarter worth approximately $163,000. Envestnet Asset Management Inc. purchased a new stake in India Internet ETF during the 3rd quarter worth approximately $231,000. Finally, Quantify Chaos Advisors LLC acquired a new position in shares of India Internet ETF in the 4th quarter valued at approximately $237,000.

India Internet ETF Price Performance

INQQ traded up $0.07 during trading hours on Thursday, reaching $12.14. 11,166 shares of the stock traded hands, compared to its average volume of 32,203. India Internet ETF has a fifty-two week low of $11.25 and a fifty-two week high of $16.67. The company has a market cap of $43.95 million, a price-to-earnings ratio of 57.79 and a beta of 0.70. The firm’s fifty day simple moving average is $12.33 and its two-hundred day simple moving average is $13.86.

About India Internet ETF

The India Internet & Ecommerce ETF (INQQ) is an exchange-traded fund that is based on the INQQ The India Internet & Ecommerce index. The fund tracks an index of companies centered around the internet and e-commerce technology in India. Securities are selected and weighted by market-cap. INQQ was launched on Apr 6, 2022 and is managed by India.