Global X India Active ETF (NYSEARCA:NDIA) Sees Significant Increase in Short Interest

Global X India Active ETF (NYSEARCA:NDIA) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 7,307 shares, an increase of 631.4% from the May 14th total of 999 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 63,802 shares, the days-to-cover ratio is presently 0.1 days.

Global X India Active ETF Stock Down 0.4%

NYSEARCA:NDIA traded down $0.11 during midday trading on Wednesday, reaching $25.80. The stock had a trading volume of 1,124 shares, compared to its average volume of 12,743. The firm has a fifty day simple moving average of $26.79 and a two-hundred day simple moving average of $28.23. Global X India Active ETF has a 12-month low of $25.04 and a 12-month high of $30.95. The stock has a market cap of $53.15 million, a P/E ratio of 26.49 and a beta of 0.37.

Hedge Funds Weigh In On Global X India Active ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of NDIA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Global X India Active ETF in the 2nd quarter valued at $5,540,000. OLD Mission Capital LLC grew its position in Global X India Active ETF by 171.0% in the 4th quarter. OLD Mission Capital LLC now owns 31,486 shares of the company’s stock valued at $938,000 after buying an additional 19,867 shares during the last quarter. Boothe Investment Group Inc. grew its position in Global X India Active ETF by 4.0% in the 1st quarter. Boothe Investment Group Inc. now owns 416,991 shares of the company’s stock valued at $10,793,000 after buying an additional 16,060 shares during the last quarter. Jane Street Group LLC purchased a new position in Global X India Active ETF in the 2nd quarter valued at $327,000. Finally, IHT Wealth Management LLC grew its position in Global X India Active ETF by 19.5% in the 4th quarter. IHT Wealth Management LLC now owns 40,030 shares of the company’s stock valued at $1,193,000 after buying an additional 6,525 shares during the last quarter.

About Global X India Active ETF

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.