Short Interest in VanEck Indonesia Index ETF (NYSEARCA:IDX) Declines By 59.0%

VanEck Indonesia Index ETF (NYSEARCA:IDX) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 149,869 shares, a decrease of 59.0% from the May 14th total of 365,829 shares. Approximately 6.8% of the shares of the company are sold short. Based on an average trading volume of 218,807 shares, the days-to-cover ratio is presently 0.7 days.

VanEck Indonesia Index ETF Trading Up 2.8%

Shares of IDX opened at $10.83 on Friday. The company’s 50 day simple moving average is $12.50 and its 200-day simple moving average is $14.75. The firm has a market cap of $23.83 million, a PE ratio of 11.41 and a beta of 0.31. VanEck Indonesia Index ETF has a 12-month low of $9.51 and a 12-month high of $17.55.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its holdings 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 during the last quarter. Militia Capital Management LLC purchased a new position in shares of VanEck Indonesia Index ETF during the first quarter worth about $402,000. Ascent Advisors LLC acquired a new position in VanEck Indonesia Index ETF in the 1st quarter valued at about $658,000. OLD Mission Capital LLC increased its position in VanEck Indonesia Index ETF by 157.0% in the 4th quarter. OLD Mission Capital LLC now owns 338,821 shares of the company’s stock valued at $5,594,000 after acquiring an additional 207,001 shares during the period. Finally, Cetera Investment Advisers purchased a new stake in VanEck Indonesia Index ETF during the 4th quarter valued at approximately $853,000.

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.