Short Interest in Invesco India ETF (NYSEARCA:PIN) Expands By 469.9%

Invesco India ETF (NYSEARCA:PIN) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 20,926 shares, a growth of 469.9% from the December 31st total of 3,672 shares. Based on an average daily volume of 43,873 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 43,873 shares, the short-interest ratio is presently 0.5 days.

Invesco India ETF Stock Up 0.4%

Shares of PIN opened at $23.28 on Wednesday. The business’s 50 day moving average is $24.88 and its two-hundred day moving average is $25.50. Invesco India ETF has a 52-week low of $22.99 and a 52-week high of $27.20. The firm has a market cap of $176.70 million, a price-to-earnings ratio of 26.32 and a beta of 0.47.

Hedge Funds Weigh In On Invesco India ETF

Several hedge funds have recently made changes to their positions in PIN. Allworth Financial LP acquired a new stake in shares of Invesco India ETF in the third quarter worth $36,000. Ameritas Advisory Services LLC bought a new stake in shares of Invesco India ETF during the 2nd quarter worth about $37,000. Advisory Services Network LLC bought a new position in shares of Invesco India ETF in the third quarter valued at approximately $38,000. Farther Finance Advisors LLC increased its stake in shares of Invesco India ETF by 211.0% in the fourth quarter. Farther Finance Advisors LLC now owns 2,550 shares of the company’s stock worth $62,000 after purchasing an additional 1,730 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco India ETF by 38.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,452 shares of the company’s stock worth $87,000 after acquiring an additional 963 shares during the last quarter. Institutional investors and hedge funds own 40.83% of the company’s stock.

About Invesco India ETF

PowerShares India Portfolio (the Fund) is based on the Indus India Index (Index). The Fund seeks to achieve its investment objective by investing substantially all of its assets in a wholly-owned subsidiary located in the Republic of Mauritius (the Subsidiary), which in turn invests at least 90% of its total assets in securities of Indian companies that consists of the Index, as well as American depositary receipts(ADR) and global depositary receipts (GDR) based on the securities in the Index. The Index is designed to represent the segment of the Indian equity markets.