Global X India Active ETF (NYSEARCA:NDIA) Sees Large Decrease in Short Interest

Global X India Active ETF (NYSEARCA:NDIA) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 1,532 shares, a decline of 44.7% from the July 15th total of 2,769 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 2,069 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Global X India Active ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OLD Mission Capital LLC lifted its position in Global X India Active ETF by 171.0% during the fourth quarter. OLD Mission Capital LLC now owns 31,486 shares of the company’s stock valued at $938,000 after buying an additional 19,867 shares during the period. IHT Wealth Management LLC grew its position in shares of Global X India Active ETF by 19.5% in the 4th quarter. IHT Wealth Management LLC now owns 40,030 shares of the company’s stock worth $1,193,000 after buying an additional 6,525 shares during the period. Empire Financial Management Company LLC increased its stake in shares of Global X India Active ETF by 2.7% in the 4th quarter. Empire Financial Management Company LLC now owns 47,115 shares of the company’s stock worth $1,404,000 after acquiring an additional 1,220 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Global X India Active ETF by 48.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 266,900 shares of the company’s stock worth $7,648,000 after acquiring an additional 86,660 shares in the last quarter. Finally, Boothe Investment Group Inc. lifted its position in Global X India Active ETF by 4.0% during the 1st quarter. Boothe Investment Group Inc. now owns 416,991 shares of the company’s stock valued at $10,793,000 after acquiring an additional 16,060 shares during the period.

Global X India Active ETF Stock Down 0.6%

Shares of NYSEARCA:NDIA traded down $0.16 during trading on Monday, hitting $27.36. The stock had a trading volume of 857 shares, compared to its average volume of 10,086. Global X India Active ETF has a 12 month low of $25.04 and a 12 month high of $30.68. The company has a market capitalization of $58.82 million, a PE ratio of 26.49 and a beta of 0.35. The firm’s fifty day moving average is $27.15 and its 200 day moving average is $27.37.

Global X India Active ETF Company Profile

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.