Global X India Active ETF (NYSEARCA:NDIA) Stock Short Interest Jumps 4,141.2%

Global X India Active ETF (NYSEARCA:NDIA) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 63,872 shares, an increase of 4,141.2% from the September 30th total of 1,506 shares. Based on an average daily volume of 8,118 shares, the short-interest ratio is presently 7.9 days. Currently, 3.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Boothe Investment Group Inc. raised its stake in shares of Global X India Active ETF by 4.9% in the third quarter. Boothe Investment Group Inc. now owns 584,158 shares of the company’s stock worth $15,247,000 after buying an additional 27,453 shares during the period. Royal Bank of Canada grew its stake in shares of Global X India Active ETF by 3.0% during 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. Empire Financial Management Company LLC grew 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 valued at $1,343,000 after acquiring an additional 4,791 shares during the period. Finally, Citadel Advisors LLC bought a new position in shares of Global X India Active ETF during the 2nd quarter valued at approximately $301,000.

Global X India Active ETF Price Performance

Shares of NYSEARCA:NDIA traded up $0.01 during trading on Monday, hitting $26.01. 602 shares of the company were exchanged, compared to its average volume of 8,812. Global X India Active ETF has a 52-week low of $25.04 and a 52-week high of $30.42. The stock has a 50 day moving average of $26.68 and a 200 day moving average of $26.92. The company has a market cap of $48.12 million, a PE ratio of 26.49 and a beta of 0.36.

Global X India Active ETF Company Profile

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.