VanEck Indonesia Index ETF (NYSEARCA:IDX – Get Free Report) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 146,241 shares, an increase of 663.5% from the October 15th total of 19,153 shares. Based on an average daily volume of 77,602 shares, the days-to-cover ratio is currently 1.9 days. Approximately 4.2% of the company’s shares are short sold.
VanEck Indonesia Index ETF Stock Down 0.7%
NYSEARCA IDX opened at $8.98 on Wednesday. The company has a market capitalization of $30.98 million, a price-to-earnings ratio of 11.41 and a beta of 0.33. VanEck Indonesia Index ETF has a twelve month low of $8.62 and a twelve month high of $17.55. The stock has a fifty day simple moving average of $10.37 and a 200 day simple moving average of $12.13.
Institutional Investors Weigh In On VanEck Indonesia Index ETF
A hedge fund recently raised its stake in VanEck Indonesia Index ETF stock. Royal Bank of Canada lifted its stake in shares of VanEck Indonesia Index ETF (NYSEARCA:IDX – Free Report) by 96.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,963 shares of the company’s stock after acquiring an additional 1,942 shares during the quarter. Royal Bank of Canada owned approximately 0.18% of VanEck Indonesia Index ETF worth $55,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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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