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

Global X India Active ETF (NYSEARCA:NDIA) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 4,376 shares, a drop of 65.6% from the December 31st total of 12,718 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 8,913 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 8,913 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Global X India Active ETF Stock Down 1.0%

NDIA stock traded down $0.28 during trading on Wednesday, hitting $28.46. The company had a trading volume of 2,141 shares, compared to its average volume of 7,413. The firm has a 50-day moving average price of $29.69 and a 200-day moving average price of $29.58. Global X India Active ETF has a 12 month low of $25.69 and a 12 month high of $31.93. The stock has a market cap of $55.21 million, a price-to-earnings ratio of 26.49 and a beta of 0.19.

Institutional Trading of Global X India Active ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stone House Investment Management LLC bought a new position in shares of Global X India Active ETF in the 2nd quarter valued at about $165,000. Jane Street Group LLC bought a new position in Global X India Active ETF in the second quarter valued at approximately $327,000. IHT Wealth Management LLC grew its holdings in Global X India Active ETF by 7.3% during the 2nd quarter. IHT Wealth Management LLC now owns 16,250 shares of the company’s stock worth $499,000 after acquiring an additional 1,100 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Global X India Active ETF during the 2nd quarter valued at $5,540,000. Finally, Boothe Investment Group Inc. lifted its stake in shares of 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 valued at $11,137,000 after purchasing an additional 6,648 shares during the period.

About Global X India Active ETF

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.