Global X India Active ETF (NYSEARCA:NDIA) Sees Large Growth in Short Interest

Global X India Active ETF (NYSEARCA:NDIA) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 11,689 shares, an increase of 663.0% from the July 30th total of 1,532 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 4,252 shares, the days-to-cover ratio is presently 2.7 days.

Global X India Active ETF Stock Performance

NDIA opened at $27.85 on Wednesday. The stock has a market capitalization of $59.88 million, a PE ratio of 26.49 and a beta of 0.35. Global X India Active ETF has a one year low of $25.04 and a one year high of $30.68. The business’s 50 day moving average price is $27.30 and its 200 day moving average price is $27.31.

Hedge Funds Weigh In On Global X India Active ETF

Several large investors have recently modified their holdings of the business. IHT Wealth Management LLC lifted its position in Global X India Active ETF by 7.3% in the second quarter. IHT Wealth Management LLC now owns 16,250 shares of the company’s stock valued at $499,000 after buying an additional 1,100 shares during the last quarter. Empire Financial Management Company LLC increased its position in shares of Global X India Active ETF by 2.7% during the fourth quarter. Empire Financial Management Company LLC now owns 47,115 shares of the company’s stock valued at $1,404,000 after acquiring an additional 1,220 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Global X India Active ETF by 3.0% in the 1st 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 period. Jane Street Group LLC raised its stake in shares of Global X India Active ETF by 58.6% in the 4th quarter. Jane Street Group LLC now owns 11,411 shares of the company’s stock valued at $340,000 after acquiring an additional 4,218 shares during the period. Finally, Boothe Investment Group Inc. lifted its holdings in shares of Global X India Active ETF by 3.2% in the 4th quarter. Boothe Investment Group Inc. now owns 400,931 shares of the company’s stock worth $11,948,000 after acquiring an additional 12,246 shares during the last quarter.

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.