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

Global X India Active ETF (NYSEARCA:NDIA) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 2,370 shares, a decrease of 67.6% from the May 31st total of 7,307 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 17,841 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Global X India Active ETF

Several hedge funds have recently modified their holdings of NDIA. Boothe Investment Group Inc. boosted its holdings in shares of Global X India Active ETF by 4.0% in the 1st quarter. Boothe Investment Group Inc. now owns 416,991 shares of the company’s stock valued at $10,793,000 after buying an additional 16,060 shares in the last quarter. Empire Financial Management Company LLC raised its stake in shares of Global X India Active ETF by 10.2% during the 1st quarter. Empire Financial Management Company LLC now owns 51,906 shares of the company’s stock worth $1,343,000 after acquiring an additional 4,791 shares in the last quarter. Royal Bank of Canada lifted its position in Global X India Active ETF by 3.0% during the first quarter. Royal Bank of Canada now owns 129,015 shares of the company’s stock valued at $3,339,000 after acquiring an additional 3,785 shares during the last quarter. OLD Mission Capital LLC lifted its position in Global X India Active ETF by 171.0% during the fourth quarter. OLD Mission Capital LLC now owns 31,486 shares of the company’s stock valued at $938,000 after acquiring an additional 19,867 shares during the last quarter. Finally, IHT Wealth Management LLC boosted its stake in Global X India Active ETF by 19.5% in the fourth quarter. IHT Wealth Management LLC now owns 40,030 shares of the company’s stock valued at $1,193,000 after acquiring an additional 6,525 shares in the last quarter.

Global X India Active ETF Trading Up 0.4%

Shares of NDIA traded up $0.10 during trading hours on Tuesday, hitting $27.28. The company had a trading volume of 525 shares, compared to its average volume of 11,901. The company has a market capitalization of $56.20 million, a PE ratio of 26.49 and a beta of 0.37. Global X India Active ETF has a one year low of $25.04 and a one year high of $30.90. The company’s fifty day moving average price is $26.81 and its two-hundred day moving average price is $27.92.

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.