Invesco India ETF (NYSEARCA:PIN) Short Interest Update

Invesco India ETF (NYSEARCA:PIN) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 8,624 shares, a decline of 42.6% from the November 30th total of 15,025 shares. Based on an average trading volume of 33,723 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 33,723 shares, the days-to-cover ratio is currently 0.3 days.

Invesco India ETF Price Performance

Shares of PIN traded up $0.03 during trading hours on Tuesday, reaching $24.12. 58,209 shares of the company’s stock traded hands, compared to its average volume of 44,903. Invesco India ETF has a twelve month low of $23.07 and a twelve month high of $27.20. The business’s fifty day simple moving average is $25.89 and its two-hundred day simple moving average is $25.92. The firm has a market capitalization of $197.06 million, a price-to-earnings ratio of 26.32 and a beta of 0.47.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PIN. Allworth Financial LP bought a new position in Invesco India ETF during the 3rd quarter valued at $36,000. Ameritas Advisory Services LLC acquired a new stake in shares of Invesco India ETF in the second quarter valued at $37,000. Advisory Services Network LLC bought a new position in Invesco India ETF during the third quarter valued at about $38,000. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco India ETF by 38.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,452 shares of the company’s stock worth $87,000 after acquiring an additional 963 shares during the period. Finally, Daymark Wealth Partners LLC bought a new stake in Invesco India ETF in the second quarter worth about $210,000. Institutional investors and hedge funds own 40.83% of the company’s stock.

About Invesco India ETF

PowerShares India Portfolio (the Fund) is based on the Indus India Index (Index). The Fund seeks to achieve its investment objective by investing substantially all of its assets in a wholly-owned subsidiary located in the Republic of Mauritius (the Subsidiary), which in turn invests at least 90% of its total assets in securities of Indian companies that consists of the Index, as well as American depositary receipts(ADR) and global depositary receipts (GDR) based on the securities in the Index. The Index is designed to represent the segment of the Indian equity markets.