VanEck Indonesia Index ETF (NYSEARCA:IDX) Short Interest Down 59.0% in May

VanEck Indonesia Index ETF (NYSEARCA:IDX) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 149,869 shares, a decrease of 59.0% from the May 14th total of 365,829 shares. Based on an average daily volume of 218,807 shares, the days-to-cover ratio is presently 0.7 days. Currently, 6.8% of the shares of the company are short sold.

VanEck Indonesia Index ETF Stock Performance

Shares of IDX opened at $10.83 on Friday. The stock has a market capitalization of $23.83 million, a P/E ratio of 11.41 and a beta of 0.31. VanEck Indonesia Index ETF has a 1 year low of $9.51 and a 1 year high of $17.55. The company’s fifty day moving average is $12.50 and its two-hundred day moving average is $14.75.

Institutional Trading of VanEck Indonesia Index ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IDX. Jane Street Group LLC boosted its stake in shares of VanEck Indonesia Index ETF by 691.5% during the 4th quarter. Jane Street Group LLC now owns 476,502 shares of the company’s stock worth $7,867,000 after acquiring an additional 416,300 shares in the last quarter. OLD Mission Capital LLC raised its position in VanEck Indonesia Index ETF by 157.0% during the fourth quarter. OLD Mission Capital LLC now owns 338,821 shares of the company’s stock worth $5,594,000 after acquiring an additional 207,001 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of VanEck Indonesia Index ETF by 2.4% in the fourth quarter. Stifel Financial Corp now owns 105,686 shares of the company’s stock valued at $1,745,000 after purchasing an additional 2,429 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of VanEck Indonesia Index ETF in the fourth quarter valued at approximately $853,000. Finally, Ascent Advisors LLC acquired a new stake in shares of VanEck Indonesia Index ETF in the first quarter valued at approximately $658,000.

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.