Invesco India ETF (NYSEARCA:PIN) Sees Large Increase in Short Interest

Invesco India ETF (NYSEARCA:PIN) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 5,770 shares, an increase of 89.1% from the January 29th total of 3,051 shares. Based on an average trading volume of 52,950 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 52,950 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Invesco India ETF

Large investors have recently made changes to their positions in the business. Allworth Financial LP acquired a new stake in shares of Invesco India ETF during the third quarter worth approximately $36,000. Advisory Services Network LLC acquired a new stake in Invesco India ETF in the third quarter valued at $38,000. Steward Partners Investment Advisory LLC boosted its stake in Invesco India ETF by 491.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,923 shares of the company’s stock valued at $47,000 after acquiring an additional 1,598 shares during the last quarter. Farther Finance Advisors LLC grew 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 acquiring an additional 1,730 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of 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 worth $87,000 after purchasing an additional 963 shares during the last quarter. Institutional investors and hedge funds own 40.83% of the company’s stock.

Invesco India ETF Stock Down 0.9%

Shares of NYSEARCA:PIN traded down $0.21 during trading on Friday, reaching $23.39. The stock had a trading volume of 22,295 shares, compared to its average volume of 50,088. Invesco India ETF has a fifty-two week low of $22.99 and a fifty-two week high of $27.20. The business has a fifty day moving average price of $23.85 and a 200-day moving average price of $25.15. The stock has a market cap of $177.53 million, a P/E ratio of 26.32 and a beta of 0.47.

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.