VanEck Indonesia Index ETF (NYSEARCA:IDX) Sees Large Drop in Short Interest

by · The Markets Daily

VanEck Indonesia Index ETF (NYSEARCA:IDX – Get Free Report) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 10,132 shares, a drop of 52.6% from the September 15th total of 21,384 shares. Based on an average daily trading volume, of 22,566 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the company are sold short.

VanEck Indonesia Index ETF Stock Down 1.0%

VanEck Indonesia Index ETF stock traded down $0.10 during trading hours on Wednesday, hitting $10.37. The stock had a trading volume of 13,288 shares, compared to its average volume of 72,225. VanEck Indonesia Index ETF has a fifty-two week low of $9.51 and a fifty-two week high of $17.55. The company has a market cap of $33.70 million, a PE ratio of 11.41 and a beta of 0.34. The company has a 50-day moving average of $11.27 and a two-hundred day moving average of $11.61.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Militia Capital Management LLC bought a new stake in shares of VanEck Indonesia Index ETF in the 1st quarter valued at approximately $402,000. Royal Bank of Canada grew its position in VanEck Indonesia Index ETF by 96.1% in the first quarter. Royal Bank of Canada now owns 3,963 shares of the company’s stock valued at $55,000 after acquiring an additional 1,942 shares during the period. Finally, Ascent Advisors LLC bought a new position in shares of VanEck Indonesia Index ETF during the first quarter valued at $658,000.

About VanEck Indonesia Index ETF

(Get Free Report)

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.

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