Significant Rise in Short Interest for iShares India 50 ETF (NASDAQ:INDY)

The iShares India 50 ETF (NASDAQ:INDY) has seen a substantial jump in short interest over the course of September. As of September 30th, the total short interest reached 397,400 shares, marking a notable increase of 42.1% compared to the 279,600 shares reported on September 15th. With an average daily trading volume of 73,100 shares, this increase results in a short-interest ratio of approximately 5.4 days.

Current Performance of iShares India 50 ETF

On Friday, INDY opened at a price of $54.79. Over the past twelve months, the stock has experienced fluctuations, with a low of $43.60 and a high of $57.30. The ETF currently holds a market capitalization of $980.74 million, a price-to-earnings (P/E) ratio of 25.20, and a beta value of 0.70. Additionally, its 50-day and 200-day moving average prices are $54.90 and $53.02, respectively.

Institutional Investors Involvement

Recently, several institutional investors and hedge funds have adjusted their investments in iShares India 50 ETF. Creative Planning increased its stake by 8.5% during the third quarter, now holding 24,732 shares valued at approximately $1,392,000 after acquiring an additional 1,929 shares. Gateway Advisory LLC also raised its investment by 2.0% in the second quarter and currently possesses 130,228 shares worth about $6,988,000 following an increase of 2,529 shares. Additionally, Marshall Wace LLP acquired a new position in iShares India 50 ETF valued at around $317,000 during the second quarter. Commonwealth Equity Services LLC expanded its holdings by 1.8% in the same period, now owning 19,147 shares valued at about $1,027,000 after an increase of 338 shares. Furthermore, Waypoint Capital Advisors LLC made a new investment in the ETF worth approximately $227,000 in the second quarter.

Understanding iShares India 50 ETF

The iShares India 50 ETF, also known previously as the iShares S&P India Nifty 50 Index Fund, aims to provide investment results that closely align with the price and yield performance of the S&P CNX Nifty Index. This index tracks the equity performance of the top 50 companies by market capitalization within the Indian market.

Conclusion

The significant rise in short interest for the iShares India 50 ETF could indicate growing bearish sentiment among investors. However, the involvement of institutional investors suggests continued confidence in the ETF's long-term prospects. Investors may keep a close eye on any future developments related to the fund.

Short, Interest, ETF