Short Interest in iShares India 50 ETF (NASDAQ:INDY) Grows By 62.2%

iShares India 50 ETF (NASDAQ:INDY) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 162,376 shares, a growth of 62.2% from the April 30th total of 100,129 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 143,031 shares, the short-interest ratio is presently 1.1 days.

Institutional Trading of iShares India 50 ETF

Large investors have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. grew its stake in shares of iShares India 50 ETF by 108.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 887 shares of the company’s stock worth $44,000 after acquiring an additional 462 shares during the period. Fifth Third Bancorp bought a new stake in shares of iShares India 50 ETF in the first quarter worth approximately $46,000. Harbor Investment Advisory LLC bought a new stake in shares of iShares India 50 ETF in the fourth quarter worth approximately $54,000. Advisory Services Network LLC bought a new stake in shares of iShares India 50 ETF in the third quarter worth approximately $55,000. Finally, Blue Trust Inc. grew its stake in shares of iShares India 50 ETF by 1,863.5% in the fourth quarter. Blue Trust Inc. now owns 1,885 shares of the company’s stock worth $93,000 after acquiring an additional 1,789 shares during the period.

iShares India 50 ETF Stock Up 1.2%

iShares India 50 ETF stock traded up $0.52 during trading hours on Thursday, hitting $42.23. The stock had a trading volume of 31,285 shares, compared to its average volume of 164,267. The stock has a market capitalization of $567.99 million, a P/E ratio of 23.21 and a beta of 0.43. iShares India 50 ETF has a 12-month low of $40.82 and a 12-month high of $54.87. The stock’s 50-day moving average price is $43.04 and its 200-day moving average price is $46.71.

iShares India 50 ETF Company Profile

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.