iShares India 50 ETF (NASDAQ:INDY) Short Interest Update

by · The Cerbat Gem

iShares India 50 ETF (NASDAQ:INDY – Get Free Report) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totalling 433,200 shares, a decline of 8.8% from the November 30th total of 474,900 shares. Based on an average daily volume of 75,200 shares, the days-to-cover ratio is presently 5.8 days.

iShares India 50 ETF Stock Performance

INDY opened at $50.84 on Wednesday. The stock has a 50-day moving average of $52.62 and a 200-day moving average of $53.86. iShares India 50 ETF has a 52-week low of $48.31 and a 52-week high of $57.30. The company has a market cap of $910.04 million, a PE ratio of 25.20 and a beta of 0.70.

iShares India 50 ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a dividend of $0.0801 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

Hedge Funds Weigh In On iShares India 50 ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in iShares India 50 ETF by 190.6% during the third quarter. JPMorgan Chase & Co. now owns 808 shares of the company’s stock worth $46,000 after acquiring an additional 530 shares in the last quarter. Optimum Investment Advisors bought a new stake in iShares India 50 ETF in the third quarter valued at about $56,000. Farther Finance Advisors LLC grew its holdings in iShares India 50 ETF by 421.5% during the third quarter. Farther Finance Advisors LLC now owns 1,163 shares of the company’s stock valued at $65,000 after purchasing an additional 940 shares during the period. Lake Street Private Wealth LLC acquired a new stake in shares of iShares India 50 ETF during the third quarter worth about $204,000. Finally, Carret Asset Management LLC bought a new position in iShares India 50 ETF in the third quarter valued at approximately $212,000.

iShares India 50 ETF Company Profile

(Get Free Report)

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.

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