Global X India Active ETF (NYSEARCA:NDIA) Shares Shorted: Short Interest Down 99.3% in October

Global X India Active ETF (NYSEARCA:NDIA) saw a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 450 shares, a drop of 99.3% from the October 15th total of 63,872 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,915 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Global X India Active ETF

Large investors have recently bought and sold shares of the stock. Boothe Investment Group Inc. raised its position in shares of Global X India Active ETF by 4.9% during the 3rd quarter. Boothe Investment Group Inc. now owns 584,158 shares of the company’s stock worth $15,247,000 after buying an additional 27,453 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Global X India Active ETF during the second quarter valued at approximately $301,000. Empire Financial Management Company LLC increased its stake in shares of Global X India Active ETF by 10.2% during the first quarter. Empire Financial Management Company LLC now owns 51,906 shares of the company’s stock valued at $1,343,000 after acquiring an additional 4,791 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Global X India Active ETF by 3.0% during the first quarter. Royal Bank of Canada now owns 129,015 shares of the company’s stock valued at $3,339,000 after acquiring an additional 3,785 shares during the period.

Global X India Active ETF Price Performance

Shares of NYSEARCA NDIA traded down $0.30 during midday trading on Thursday, reaching $28.55. 36,452 shares of the company traded hands, compared to its average volume of 8,599. Global X India Active ETF has a 52 week low of $25.04 and a 52 week high of $30.42. The stock has a 50-day moving average price of $26.66 and a 200 day moving average price of $27.21. The company has a market cap of $54.82 million, a price-to-earnings ratio of 26.49 and a beta of 0.35.

Global X India Active ETF Company Profile

The Global X India Active ETF (NDIA) is an exchange-traded fund that mostly invests in total market equity. The fund seeks long-term growth of capital by investing in a concentrated portfolio of Indian equities. The fund uses bottom-up, fundamental analysis to actively select and manage its holdings. NDIA was launched on Aug 17, 2023 and is issued by Global X.