VanEck Indonesia Index ETF (NYSEARCA:IDX) Sees Significant Growth in Short Interest

VanEck Indonesia Index ETF (NYSEARCA:IDX) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 104,904 shares, a growth of 40.5% from the March 15th total of 74,646 shares. Based on an average daily volume of 46,128 shares, the days-to-cover ratio is currently 2.3 days. Currently, 4.8% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. OLD Mission Capital LLC raised its holdings in VanEck Indonesia Index ETF by 157.0% in the 4th quarter. OLD Mission Capital LLC now owns 338,821 shares of the company’s stock worth $5,594,000 after purchasing an additional 207,001 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of VanEck Indonesia Index ETF in the 4th quarter worth about $853,000. Stifel Financial Corp grew its position in shares of VanEck Indonesia Index ETF by 2.4% in the 4th quarter. Stifel Financial Corp now owns 105,686 shares of the company’s stock worth $1,745,000 after buying an additional 2,429 shares during the period. Jane Street Group LLC grew its position in shares of VanEck Indonesia Index ETF by 691.5% in the 4th quarter. Jane Street Group LLC now owns 476,502 shares of the company’s stock worth $7,867,000 after buying an additional 416,300 shares during the period. Finally, HRT Financial LP purchased a new stake in shares of VanEck Indonesia Index ETF in the 4th quarter worth about $389,000.

VanEck Indonesia Index ETF Trading Down 1.0%

Shares of NYSEARCA IDX opened at $14.31 on Friday. VanEck Indonesia Index ETF has a 12 month low of $12.42 and a 12 month high of $17.55. The firm has a market capitalization of $31.48 million, a PE ratio of 11.41 and a beta of 0.43. The firm has a fifty day simple moving average of $14.61 and a two-hundred day simple moving average of $15.92.

VanEck Indonesia Index ETF Company Profile

The Market Vectors Indonesia Index ETF (IDX) seeks, before fees and expenses, the price and yield performance of the Market Vectors Indonesia Index (the Index). The Index provides exposure to publicly traded companies that are domiciled and primarily listed in Indonesia, or that generate at least 50% of their revenues in Indonesia. The Index is the property of Market Vectors Index Solutions GmbH, which has contracted with Structured Solutions AG to maintain and calculate the Index.