Invesco India ETF (NYSEARCA:PIN) Short Interest Update

Invesco India ETF (NYSEARCA:PIN) saw a significant decrease in short interest in January. As of January 30th, there was short interest totaling 3,051 shares, a decrease of 85.4% from the January 15th total of 20,926 shares. Based on an average daily volume of 47,894 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 47,894 shares, the short-interest ratio is presently 0.1 days.

Invesco India ETF Stock Performance

Shares of NYSEARCA PIN traded up $0.08 during trading on Tuesday, reaching $24.15. The stock had a trading volume of 56,359 shares, compared to its average volume of 48,373. The company has a market cap of $183.30 million, a P/E ratio of 26.32 and a beta of 0.47. Invesco India ETF has a fifty-two week low of $22.99 and a fifty-two week high of $27.20. The business’s 50-day moving average price is $24.38 and its 200-day moving average price is $25.31.

Institutional Trading of Invesco India ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Allworth Financial LP acquired a new stake in shares of Invesco India ETF during the third quarter worth about $36,000. Ameritas Advisory Services LLC purchased a new stake in Invesco India ETF during the 2nd quarter worth approximately $37,000. Advisory Services Network LLC purchased a new stake in Invesco India ETF during the 3rd quarter worth approximately $38,000. Farther Finance Advisors LLC lifted its holdings in Invesco India ETF by 211.0% during the 4th quarter. Farther Finance Advisors LLC now owns 2,550 shares of the company’s stock worth $62,000 after buying an additional 1,730 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Invesco India ETF by 38.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,452 shares of the company’s stock valued at $87,000 after buying an additional 963 shares during the period. 40.83% of the stock is currently owned by hedge funds and other institutional investors.

About Invesco India ETF

PowerShares India Portfolio (the Fund) is based on the Indus India Index (Index). The Fund seeks to achieve its investment objective by investing substantially all of its assets in a wholly-owned subsidiary located in the Republic of Mauritius (the Subsidiary), which in turn invests at least 90% of its total assets in securities of Indian companies that consists of the Index, as well as American depositary receipts(ADR) and global depositary receipts (GDR) based on the securities in the Index. The Index is designed to represent the segment of the Indian equity markets.