iShares India 50 ETF (NASDAQ:INDY) Short Interest Down 11.1% in November

iShares India 50 ETF (NASDAQ:INDY) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 424,800 shares, a drop of 11.1% from the October 31st total of 477,900 shares. Based on an average daily volume of 78,300 shares, the short-interest ratio is currently 5.4 days.

iShares India 50 ETF Stock Down 0.1 %

NASDAQ:INDY opened at $52.88 on Tuesday. The firm has a market capitalization of $946.55 million, a P/E ratio of 25.20 and a beta of 0.70. The company has a fifty day moving average of $53.81 and a 200 day moving average of $53.73. iShares India 50 ETF has a 52 week low of $47.19 and a 52 week high of $57.30.

Hedge Funds Weigh In On iShares India 50 ETF

A number of hedge funds have recently modified their holdings of INDY. Pitcairn Co. purchased a new stake in iShares India 50 ETF in the third quarter worth $658,000. Marshall Wace LLP purchased a new stake in shares of iShares India 50 ETF in the 2nd quarter worth about $317,000. Atom Investors LP boosted its stake in shares of iShares India 50 ETF by 40.9% during the 3rd quarter. Atom Investors LP now owns 16,063 shares of the company’s stock valued at $904,000 after purchasing an additional 4,665 shares in the last quarter. Waypoint Capital Advisors LLC purchased a new position in shares of iShares India 50 ETF during the second quarter valued at about $227,000. Finally, HighTower Advisors LLC purchased a new stake in iShares India 50 ETF in the third quarter worth about $229,000.

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.