iShares India 50 ETF (NASDAQ:INDY) Short Interest Up 77.0% in February

iShares India 50 ETF (NASDAQ:INDY) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 94,041 shares, a growth of 77.0% from the February 12th total of 53,145 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 112,123 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 112,123 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.7% of the company’s stock are short sold.

iShares India 50 ETF Price Performance

INDY opened at $43.16 on Friday. The firm has a market cap of $565.40 million, a PE ratio of 23.21 and a beta of 0.45. The stock has a 50-day moving average price of $47.35 and a 200-day moving average price of $50.35. iShares India 50 ETF has a 1 year low of $43.09 and a 1 year high of $54.87.

iShares India 50 ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a $3.9951 dividend. This represents a yield of 1,664.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its stake in iShares India 50 ETF by 20,265.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 341,941 shares of the company’s stock valued at $16,854,000 after buying an additional 340,262 shares during the last quarter. Royal Bank of Canada raised its stake in shares of iShares India 50 ETF by 192.1% in the first quarter. Royal Bank of Canada now owns 87,811 shares of the company’s stock worth $4,458,000 after buying an additional 57,749 shares during the period. OLD Mission Capital LLC raised its stake in iShares India 50 ETF by 513.2% during the 4th quarter. OLD Mission Capital LLC now owns 64,199 shares of the company’s stock worth $3,164,000 after acquiring an additional 53,729 shares during the period. Quadrature Capital Ltd raised its position in shares of iShares India 50 ETF by 978.9% during the 2nd quarter. Quadrature Capital Ltd now owns 46,866 shares of the company’s stock valued at $2,548,000 after purchasing an additional 42,522 shares during the period. Finally, BNP Paribas Financial Markets purchased a new position in shares of iShares India 50 ETF in the third quarter valued at about $1,028,000.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.