VanEck Indonesia Index ETF (NYSEARCA:IDX) Sees Significant Growth in Short Interest

VanEck Indonesia Index ETF (NYSEARCA:IDX) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 19,153 shares, an increase of 89.0% from the September 30th total of 10,132 shares. Based on an average daily trading volume, of 30,923 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.6% of the company’s shares are short sold.

Hedge Funds Weigh In On VanEck Indonesia Index ETF

Several hedge funds have recently made changes to their positions in IDX. Ascent Advisors LLC bought a new stake in VanEck Indonesia Index ETF during the 1st quarter worth about $658,000. Militia Capital Management LLC bought a new position in VanEck Indonesia Index ETF during the first quarter worth about $402,000. Finally, Royal Bank of Canada raised its position in shares of 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 valued at $55,000 after buying an additional 1,942 shares in the last quarter.

VanEck Indonesia Index ETF Stock Down 2.0%

IDX stock opened at $8.79 on Friday. The business’s fifty day moving average is $10.76 and its 200-day moving average is $12.42. VanEck Indonesia Index ETF has a twelve month low of $8.73 and a twelve month high of $17.55. The company has a market cap of $30.33 million, a P/E ratio of 11.41 and a beta of 0.34.

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.