India Internet ETF (NYSEARCA:INQQ) Short Interest Update

India Internet ETF (NYSEARCA:INQQ) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 44,520 shares, a decline of 63.6% from the June 15th total of 122,350 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average trading volume of 59,943 shares, the short-interest ratio is presently 0.7 days.

India Internet ETF Price Performance

Shares of INQQ stock opened at $13.24 on Monday. The company’s fifty day simple moving average is $12.49 and its two-hundred day simple moving average is $12.97. India Internet ETF has a 52 week low of $11.25 and a 52 week high of $16.67. The stock has a market cap of $44.88 million, a P/E ratio of 57.79 and a beta of 0.66.

Institutional Investors Weigh In On India Internet ETF

Hedge funds have recently made changes to their positions in the company. Evergreen Capital Management LLC grew its holdings in India Internet ETF by 29.3% during the 4th quarter. Evergreen Capital Management LLC now owns 313,174 shares of the company’s stock valued at $4,610,000 after buying an additional 71,049 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of India Internet ETF by 8.9% during the 4th quarter. Jane Street Group LLC now owns 132,202 shares of the company’s stock worth $1,946,000 after acquiring an additional 10,798 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of India Internet ETF by 15.7% during the 4th quarter. Cetera Investment Advisers now owns 69,212 shares of the company’s stock valued at $1,019,000 after acquiring an additional 9,415 shares during the last quarter. Royal Bank of Canada raised its stake in India Internet ETF by 3.1% during the first quarter. Royal Bank of Canada now owns 49,507 shares of the company’s stock valued at $576,000 after purchasing an additional 1,474 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in India Internet ETF by 13.4% during the third quarter. Ameriprise Financial Inc. now owns 45,278 shares of the company’s stock valued at $706,000 after purchasing an additional 5,349 shares in the last quarter.

India Internet ETF Company Profile

The India Internet & Ecommerce ETF (INQQ) is an exchange-traded fund that is based on the INQQ The India Internet & Ecommerce index. The fund tracks an index of companies centered around the internet and e-commerce technology in India. Securities are selected and weighted by market-cap. INQQ was launched on Apr 6, 2022 and is managed by India.