VanEck Indonesia Index ETF (NYSEARCA:IDX – Get Free Report) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 10,132 shares, a decline of 52.6% from the September 15th total of 21,384 shares. Based on an average trading volume of 22,566 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are sold short.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Ascent Advisors LLC bought a new position in shares of VanEck Indonesia Index ETF in the first quarter worth approximately $658,000. Militia Capital Management LLC bought a new stake in VanEck Indonesia Index ETF during the first quarter valued at about $402,000. Finally, Royal Bank of Canada raised its holdings in VanEck Indonesia Index ETF by 96.1% during the first quarter. Royal Bank of Canada now owns 3,963 shares of the company’s stock valued at $55,000 after acquiring an additional 1,942 shares during the period.
VanEck Indonesia Index ETF Price Performance
Shares of IDX traded down $0.07 on Thursday, reaching $10.30. The company’s stock had a trading volume of 11,275 shares, compared to its average volume of 71,917. The stock has a market capitalization of $33.48 million, a P/E ratio of 11.41 and a beta of 0.34. The stock’s 50 day simple moving average is $11.23 and its two-hundred day simple moving average is $11.56. VanEck Indonesia Index ETF has a 12-month low of $9.51 and a 12-month high of $17.55.
About VanEck Indonesia Index ETF
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.
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