Invesco India ETF (NYSEARCA:PIN) Short Interest Update

Invesco India ETF (NYSEARCA:PIN) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 8,624 shares, a drop of 42.6% from the November 30th total of 15,025 shares. Based on an average trading volume of 33,723 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 33,723 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Invesco India ETF

A number of large investors have recently modified their holdings of PIN. HighTower Advisors LLC grew its stake in Invesco India ETF by 7.4% during the first quarter. HighTower Advisors LLC now owns 19,061 shares of the company’s stock valued at $477,000 after acquiring an additional 1,314 shares in the last quarter. Ieq Capital LLC bought a new position in Invesco India ETF in the 1st quarter valued at $751,000. OLD Mission Capital LLC grew its position in shares of Invesco India ETF by 409.0% during the 1st quarter. OLD Mission Capital LLC now owns 191,228 shares of the company’s stock valued at $4,783,000 after purchasing an additional 153,662 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Invesco India ETF by 12.4% in the first quarter. Integrated Wealth Concepts LLC now owns 52,715 shares of the company’s stock worth $1,318,000 after purchasing an additional 5,805 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Invesco India ETF in the first quarter worth $1,117,000. 40.83% of the stock is currently owned by institutional investors.

Invesco India ETF Stock Down 0.2%

Shares of NYSEARCA:PIN traded down $0.06 during midday trading on Friday, reaching $24.24. 90,212 shares of the company traded hands, compared to its average volume of 44,572. The firm’s fifty day moving average price is $25.94 and its two-hundred day moving average price is $25.94. The firm has a market capitalization of $198.04 million, a price-to-earnings ratio of 26.32 and a beta of 0.47. Invesco India ETF has a 12 month low of $23.07 and a 12 month high of $27.20.

Invesco India ETF Company Profile

PowerShares India Portfolio (the Fund) is based on the Indus India Index (Index). The Fund seeks to achieve its investment objective by investing substantially all of its assets in a wholly-owned subsidiary located in the Republic of Mauritius (the Subsidiary), which in turn invests at least 90% of its total assets in securities of Indian companies that consists of the Index, as well as American depositary receipts(ADR) and global depositary receipts (GDR) based on the securities in the Index. The Index is designed to represent the segment of the Indian equity markets.