Short Interest in iShares India 50 ETF (NASDAQ:INDY) Decreases By 23.9%

iShares India 50 ETF (NASDAQ:INDY) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 39,066 shares, a drop of 23.9% from the November 30th total of 51,324 shares. Based on an average daily volume of 67,822 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 67,822 shares, the short-interest ratio is currently 0.6 days.

iShares India 50 ETF Price Performance

INDY traded up $0.06 during midday trading on Tuesday, reaching $48.93. 520,168 shares of the company’s stock were exchanged, compared to its average volume of 126,096. The business’s 50-day moving average price is $52.25 and its 200 day moving average price is $52.35. The stock has a market capitalization of $633.58 million, a PE ratio of 23.21 and a beta of 0.45. iShares India 50 ETF has a 1-year low of $46.93 and a 1-year high of $54.87.

iShares India 50 ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in INDY. PNC Financial Services Group Inc. grew its position in iShares India 50 ETF by 11.9% in the third quarter. PNC Financial Services Group Inc. now owns 1,859 shares of the company’s stock worth $95,000 after buying an additional 198 shares during the last quarter. Creative Planning grew its holdings in shares of iShares India 50 ETF by 1.1% in the 2nd quarter. Creative Planning now owns 24,888 shares of the company’s stock worth $1,353,000 after acquiring an additional 260 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of iShares India 50 ETF by 36.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,316 shares of the company’s stock worth $72,000 after acquiring an additional 350 shares during the last quarter. CreativeOne Wealth LLC raised its position in shares of iShares India 50 ETF by 10.4% during the third quarter. CreativeOne Wealth LLC now owns 4,108 shares of the company’s stock worth $209,000 after purchasing an additional 387 shares during the period. Finally, Activest Wealth Management purchased a new stake in shares of iShares India 50 ETF during the second quarter valued at $25,000.

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. 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.