VanEck Indonesia Index ETF (NYSEARCA:IDX) Short Interest Up 77.2% in April

VanEck Indonesia Index ETF (NYSEARCA:IDX) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 160,551 shares, an increase of 77.2% from the April 15th total of 90,584 shares. Currently, 7.3% of the shares of the stock are sold short. Based on an average daily volume of 42,445 shares, the short-interest ratio is presently 3.8 days.

Hedge Funds Weigh In On VanEck Indonesia Index ETF

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased 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 worth $55,000 after purchasing an additional 1,942 shares during the period. Copia Wealth Management bought a new position in shares of VanEck Indonesia Index ETF in the 4th quarter valued at about $72,000. Susquehanna International Group LLP acquired a new stake in shares of VanEck Indonesia Index ETF during the 3rd quarter worth approximately $229,000. HRT Financial LP acquired a new stake in shares of VanEck Indonesia Index ETF during the 4th quarter worth approximately $389,000. Finally, Mutual Advisors LLC bought a new stake in shares of VanEck Indonesia Index ETF during the fourth quarter worth approximately $451,000.

VanEck Indonesia Index ETF Stock Down 3.9%

IDX stock traded down $0.47 during trading on Tuesday, hitting $11.48. The company had a trading volume of 34,071 shares, compared to its average volume of 84,677. The firm has a 50-day moving average price of $13.58 and a 200-day moving average price of $15.49. VanEck Indonesia Index ETF has a 12 month low of $11.41 and a 12 month high of $17.55. The stock has a market cap of $25.26 million, a price-to-earnings ratio of 11.41 and a beta of 0.37.

VanEck Indonesia Index ETF Company Profile

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.