iShares India 50 ETF (NASDAQ:INDY) Sees Significant Decline in Short Interest

iShares India 50 ETF (NASDAQ:INDY) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 424,800 shares, a decline of 11.1% from the October 31st total of 477,900 shares. Based on an average daily trading volume, of 78,300 shares, the days-to-cover ratio is currently 5.4 days.

iShares India 50 ETF Stock Down 0.1 %

Shares of INDY stock traded down $0.05 during trading hours on Monday, hitting $52.88. 84,204 shares of the company were exchanged, compared to its average volume of 81,886. The firm has a fifty day moving average of $53.81 and a 200 day moving average of $53.73. iShares India 50 ETF has a 1 year low of $47.19 and a 1 year high of $57.30. The firm has a market cap of $946.55 million, a PE ratio of 25.20 and a beta of 0.70.

Hedge Funds Weigh In On iShares India 50 ETF

A number of large investors have recently bought and sold shares of the stock. Pine Valley Investments Ltd Liability Co increased its holdings in shares of iShares India 50 ETF by 4.2% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 4,991 shares of the company’s stock worth $281,000 after buying an additional 200 shares during the last quarter. MML Investors Services LLC increased its stake in iShares India 50 ETF by 5.0% during the third quarter. MML Investors Services LLC now owns 30,299 shares of the company’s stock worth $1,706,000 after acquiring an additional 1,449 shares during the last quarter. Stifel Financial Corp increased its stake in iShares India 50 ETF by 3.5% during the third quarter. Stifel Financial Corp now owns 6,544 shares of the company’s stock worth $368,000 after acquiring an additional 223 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of iShares India 50 ETF in the 3rd quarter worth about $229,000. Finally, Atom Investors LP lifted its stake in shares of iShares India 50 ETF by 40.9% in the 3rd quarter. Atom Investors LP now owns 16,063 shares of the company’s stock valued at $904,000 after purchasing an additional 4,665 shares in the last quarter.

iShares India 50 ETF Company Profile

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.