iShares India 50 ETF (NASDAQ:INDY) Short Interest Update

iShares India 50 ETF (NASDAQ:INDY) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 485,500 shares, a decrease of 17.0% from the August 15th total of 585,200 shares. Based on an average trading volume of 83,200 shares, the days-to-cover ratio is presently 5.8 days.

iShares India 50 ETF Stock Down 0.2 %

Shares of INDY traded down $0.09 during mid-day trading on Wednesday, hitting $55.38. The company had a trading volume of 14,854 shares, compared to its average volume of 83,844. iShares India 50 ETF has a 1-year low of $43.60 and a 1-year high of $55.63. The business’s 50-day simple moving average is $54.42 and its 200-day simple moving average is $52.34. The stock has a market cap of $974.69 million, a PE ratio of 25.20 and a beta of 0.70.

Hedge Funds Weigh In On iShares India 50 ETF

A number of hedge funds have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. acquired a new stake in shares of iShares India 50 ETF during the 1st quarter worth $690,000. Wells Fargo & Company MN raised its holdings in shares of iShares India 50 ETF by 14.0% in the 4th quarter. Wells Fargo & Company MN now owns 149,596 shares of the company’s stock worth $7,368,000 after purchasing an additional 18,413 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of iShares India 50 ETF in the 4th quarter valued at about $535,000. Commonwealth Equity Services LLC grew its holdings in shares of iShares India 50 ETF by 37.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 18,809 shares of the company’s stock worth $949,000 after purchasing an additional 5,086 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in iShares India 50 ETF during the 1st quarter worth approximately $35,000.

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.