Invesco India ETF (NYSEARCA:PIN) Short Interest Up 89.1% in February

Invesco India ETF (NYSEARCA:PIN) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 5,770 shares, an increase of 89.1% from the January 29th total of 3,051 shares. Based on an average daily volume of 52,950 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 52,950 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Invesco India ETF

A number of institutional investors have recently added to or reduced their stakes in PIN. OLD Mission Capital LLC acquired a new position in Invesco India ETF during the 4th quarter worth approximately $405,000. Cetera Investment Advisers boosted its stake in shares of Invesco India ETF by 8.0% in the fourth quarter. Cetera Investment Advisers now owns 68,000 shares of the company’s stock valued at $1,653,000 after buying an additional 5,065 shares in the last quarter. &PARTNERS raised its position in Invesco India ETF by 1.4% in the fourth quarter. &PARTNERS now owns 59,057 shares of the company’s stock worth $1,436,000 after acquiring an additional 841 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Invesco India ETF by 4.4% in the fourth quarter. Integrated Wealth Concepts LLC now owns 59,863 shares of the company’s stock valued at $1,455,000 after acquiring an additional 2,544 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in Invesco India ETF by 9.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 32,830 shares of the company’s stock valued at $798,000 after acquiring an additional 2,842 shares during the period. Hedge funds and other institutional investors own 40.83% of the company’s stock.

Invesco India ETF Stock Performance

Shares of Invesco India ETF stock opened at $23.39 on Monday. Invesco India ETF has a one year low of $22.99 and a one year high of $27.20. The company has a market cap of $177.53 million, a P/E ratio of 26.32 and a beta of 0.47. The firm has a fifty day moving average of $23.85 and a two-hundred day moving average of $25.14.

Invesco India ETF Company Profile

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.