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

iShares India 50 ETF (NASDAQ:INDYGet Rating) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totalling 128,700 shares, a decrease of 66.7% from the April 15th total of 386,800 shares. Based on an average daily volume of 59,100 shares, the days-to-cover ratio is currently 2.2 days.

Shares of NASDAQ INDY traded down $0.02 during trading hours on Thursday, reaching $41.93. The stock had a trading volume of 400 shares, compared to its average volume of 61,360. The business’s fifty day moving average is $45.28 and its two-hundred day moving average is $47.54. iShares India 50 ETF has a twelve month low of $41.42 and a twelve month high of $53.83.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Flow Traders U.S. LLC acquired a new position in iShares India 50 ETF during the fourth quarter worth $4,249,000. SG Americas Securities LLC acquired a new position in iShares India 50 ETF during the first quarter worth $3,693,000. Artisan Partners Limited Partnership raised its stake in iShares India 50 ETF by 11.7% during the third quarter. Artisan Partners Limited Partnership now owns 599,968 shares of the company’s stock worth $30,952,000 after acquiring an additional 62,682 shares in the last quarter. OLD Mission Capital LLC raised its stake in iShares India 50 ETF by 89.1% during the third quarter. OLD Mission Capital LLC now owns 79,523 shares of the company’s stock worth $4,103,000 after acquiring an additional 37,474 shares in the last quarter. Finally, Morgan Stanley raised its stake in iShares India 50 ETF by 27.5% during the second quarter. Morgan Stanley now owns 167,207 shares of the company’s stock worth $7,816,000 after acquiring an additional 36,065 shares in the last quarter.

iShares India 50 ETF Company Profile (Get Rating)

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.

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