Short Interest in iShares India 50 ETF (NASDAQ:INDY) Increases By 42.1%

On October 13, 2024, it was reported that the short interest in the iShares India 50 ETF (NASDAQ:INDY) rose significantly by 42.1% in September. As of September 30, the total short interest reached 397,400 shares, up from 279,600 shares on September 15. With an average daily trading volume of 73,100 shares, the current short-interest ratio stands at 5.4 days.

Performance of iShares India 50 ETF

The iShares India 50 ETF opened at a price of $54.79 on Friday. Over the past twelve months, the stock has seen a low of $43.60 and a high of $57.30. This ETF has a market capitalization of approximately $980.74 million, with a price-to-earnings (P/E) ratio of 25.20 and a beta of 0.70. The 50-day moving average price for the stock is $54.90, while the 200-day moving average price is $53.02.

Institutional Investor Activity

Recent activities among institutional investors and hedge funds indicate a varied interest in the iShares India 50 ETF. For instance, Creative Planning increased its stake by 8.5% in the third quarter, owning 24,732 shares valued at around $1,392,000 after purchasing an additional 1,929 shares. Gateway Advisory LLC raised its shareholding by 2.0% in the second quarter, now holding 130,228 shares worth $6,988,000 following an acquisition of 2,529 shares.

Additionally, Marshall Wace LLP entered the scene by acquiring a new stake valued at approximately $317,000 during the second quarter. Commonwealth Equity Services LLC also increased its stake by 1.8%, owning 19,147 shares worth $1,027,000 after buying another 338 shares in the last quarter. Lastly, Waypoint Capital Advisors LLC invested in iShares India 50 ETF, purchasing a new stake worth around $227,000 in the second quarter.

About iShares India 50 ETF

The iShares India 50 ETF, which was previously known as the iShares S&P India Nifty 50 Index Fund, aims to provide investment results that correspond to the price and yield performance of the S&P CNX Nifty Index. This index represents the equity performance of the top 50 companies by market capitalization trading in the Indian market.

Conclusion

The uptick in short interest reflects growing speculation and changing investor sentiment toward the iShares India 50 ETF. As institutional investors adjust their holdings, the ETF's performance remains a focal point for market participants.

short, interest, ETF