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

As of September 30, 2024, the iShares India 50 ETF (NASDAQ:INDY) experienced a noteworthy rise in short interest. The total short interest reached 397,400 shares, marking a substantial increase of 42.1% from the previous figure of 279,600 shares reported on September 15. Given the average daily trading volume of 73,100 shares, this translates to a short-interest ratio of 5.4 days.

Recent Performance of iShares India 50 ETF

On Friday, the iShares India 50 ETF opened at $54.79. Over the past twelve months, the ETF has seen a low of $43.60 and a high of $57.30. With a market capitalization of $980.74 million, the ETF holds a P/E ratio of 25.20 and a beta of 0.70. Its moving averages stand at $54.90 for the 50-day and $53.02 for the 200-day periods.

Institutional Activity in iShares India 50 ETF

Several institutional investors have recently adjusted their holdings in the iShares India 50 ETF. Creative Planning has increased its stake by 8.5% in the third quarter, acquiring an additional 1,929 shares for a total of 24,732 shares valued at $1,392,000. Similarly, Gateway Advisory LLC raised its position by 2.0% during the second quarter, now holding 130,228 shares worth $6,988,000 after adding 2,529 shares. Marshall Wace LLP established a new stake in the ETF valued at about $317,000 in the same period. Commonwealth Equity Services LLC also increased its stake by 1.8%, bringing its total to 19,147 shares valued at $1,027,000 after acquiring 338 additional shares. Lastly, Waypoint Capital Advisors LLC entered with a new stake worth approximately $227,000 in the second quarter.

About iShares India 50 ETF

The iShares India 50 ETF, formerly known as the iShares S&P India Nifty 50 Index Fund, aims to achieve investment results that mirror the price and yield performance of the S&P CNX Nifty Index. This index tracks the performance of the top 50 publicly traded companies in India by market capitalization.

Short, Interest, ETF