iShares India 50 ETF (NASDAQ:INDY) Short Interest Update

iShares India 50 ETF (NASDAQ:INDY) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 433,200 shares, a decrease of 8.8% from the November 30th total of 474,900 shares. Based on an average daily trading volume, of 75,200 shares, the short-interest ratio is presently 5.8 days.

Hedge Funds Weigh In On iShares India 50 ETF

Hedge funds have recently modified their holdings of the company. Gateway Advisory LLC lifted its position in shares of iShares India 50 ETF by 2.0% during the 2nd quarter. Gateway Advisory LLC now owns 130,228 shares of the company’s stock valued at $6,988,000 after acquiring an additional 2,529 shares during the last quarter. MML Investors Services LLC boosted its position in shares of iShares India 50 ETF by 5.0% in the 3rd quarter. MML Investors Services LLC now owns 30,299 shares of the company’s stock valued at $1,706,000 after purchasing an additional 1,449 shares during the period. Creative Planning increased its stake in iShares India 50 ETF by 8.5% in the 3rd quarter. Creative Planning now owns 24,732 shares of the company’s stock worth $1,392,000 after purchasing an additional 1,929 shares in the last quarter. Clarity Capital Partners LLC lifted its stake in iShares India 50 ETF by 10.4% during the third quarter. Clarity Capital Partners LLC now owns 23,725 shares of the company’s stock valued at $1,336,000 after buying an additional 2,228 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of iShares India 50 ETF by 1.8% in the second quarter. Commonwealth Equity Services LLC now owns 19,147 shares of the company’s stock worth $1,027,000 after buying an additional 338 shares during the period.

iShares India 50 ETF Stock Performance

INDY stock opened at $50.84 on Wednesday. iShares India 50 ETF has a 1 year low of $48.31 and a 1 year high of $57.30. The stock’s fifty day moving average is $52.62 and its two-hundred day moving average is $53.86. The stock has a market capitalization of $910.04 million, a price-to-earnings ratio of 25.20 and a beta of 0.70.

iShares India 50 ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a $0.0801 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

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.