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

iShares India 50 ETF (NASDAQ:INDY) was the target of a large decline in short interest in 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 trading volume of 78,300 shares, the days-to-cover ratio is currently 5.4 days.

iShares India 50 ETF Price Performance

NASDAQ INDY traded down $0.05 during trading hours on Monday, hitting $52.88. The company had a trading volume of 84,204 shares, compared to its average volume of 81,886. The firm’s 50 day moving average is $53.81 and its 200 day moving average is $53.73. iShares India 50 ETF has a fifty-two week low of $47.19 and a fifty-two week high of $57.30. The company has a market capitalization of $946.55 million, a price-to-earnings ratio of 25.20 and a beta of 0.70.

Institutional Investors Weigh In On iShares India 50 ETF

A number of large investors have recently modified their holdings of the stock. Park Place Capital Corp acquired a new stake in iShares India 50 ETF during the 2nd quarter valued at $34,000. Pasadena Private Wealth LLC boosted its stake in shares of iShares India 50 ETF by 1.3% during the 2nd quarter. Pasadena Private Wealth LLC now owns 56,272 shares of the company’s stock valued at $3,020,000 after buying an additional 731 shares during the last quarter. Waypoint Capital Advisors LLC acquired a new stake in shares of iShares India 50 ETF during the second quarter worth approximately $227,000. Commonwealth Equity Services LLC increased its stake 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 last quarter. Finally, Marshall Wace LLP acquired a new stake in iShares India 50 ETF in the second quarter valued at $317,000.

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.