Global X India Active ETF (NYSEARCA:NDIA) Sees Significant Growth in Short Interest

Global X India Active ETF (NYSEARCA:NDIA) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 7,946 shares, a growth of 81.6% from the January 15th total of 4,376 shares. Based on an average trading volume of 8,476 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 8,476 shares, the days-to-cover ratio is presently 0.9 days.

Global X India Active ETF Price Performance

Shares of Global X India Active ETF stock traded down $0.10 during trading hours on Friday, reaching $29.53. The company had a trading volume of 7,757 shares, compared to its average volume of 7,185. Global X India Active ETF has a one year low of $25.69 and a one year high of $31.93. The business has a fifty day simple moving average of $29.51 and a 200 day simple moving average of $29.52. The firm has a market cap of $58.17 million, a PE ratio of 26.49 and a beta of 0.19.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC increased its position in shares of Global X India Active ETF by 7.3% during the second quarter. IHT Wealth Management LLC now owns 16,250 shares of the company’s stock valued at $499,000 after buying an additional 1,100 shares during the period. Empire Financial Management Company LLC grew its stake in Global X India Active ETF by 2.7% during the fourth quarter. Empire Financial Management Company LLC now owns 47,115 shares of the company’s stock valued at $1,404,000 after acquiring an additional 1,220 shares in the last quarter. Jane Street Group LLC increased its holdings in Global X India Active ETF by 58.6% during the 4th quarter. Jane Street Group LLC now owns 11,411 shares of the company’s stock worth $340,000 after acquiring an additional 4,218 shares during the period. Stone House Investment Management LLC bought a new stake in Global X India Active ETF during the 2nd quarter worth approximately $165,000. Finally, Boothe Investment Group Inc. lifted its stake in Global X India Active ETF by 1.7% in the 3rd quarter. Boothe Investment Group Inc. now owns 388,685 shares of the company’s stock worth $11,137,000 after purchasing an additional 6,648 shares in the last quarter.

Global X India Active ETF Company Profile

The Global X India Active ETF (NDIA) is an exchange-traded fund that mostly invests in total market equity. The fund seeks long-term growth of capital by investing in a concentrated portfolio of Indian equities. The fund uses bottom-up, fundamental analysis to actively select and manage its holdings. NDIA was launched on Aug 17, 2023 and is issued by Global X.