VanEck Indonesia Index ETF (NYSEARCA:IDX) Sees Large Drop in Short Interest

VanEck Indonesia Index ETF (NYSEARCA:IDX) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 10,132 shares, a drop of 52.6% from the September 15th total of 21,384 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 22,566 shares, the short-interest ratio is currently 0.4 days.

VanEck Indonesia Index ETF Trading Down 1.0%

NYSEARCA IDX traded down $0.10 during trading hours on Wednesday, reaching $10.37. 13,288 shares of the company’s stock were exchanged, compared to its average volume of 72,225. The firm has a fifty day moving average of $11.27 and a 200-day moving average of $11.61. VanEck Indonesia Index ETF has a one year low of $9.51 and a one year high of $17.55. The stock has a market cap of $33.70 million, a PE ratio of 11.41 and a beta of 0.34.

Institutional Trading of VanEck Indonesia Index ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in 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 acquired a new position in VanEck Indonesia Index ETF during the 1st quarter worth about $402,000. Finally, Ascent Advisors LLC bought a new stake in VanEck Indonesia Index ETF during the 1st quarter worth about $658,000.

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.