Short Interest in iShares India 50 ETF (NASDAQ:INDY) Drops By 23.9%

iShares India 50 ETF (NASDAQ:INDY) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 39,066 shares, a decline of 23.9% from the November 30th total of 51,324 shares. Based on an average daily volume of 67,822 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 67,822 shares, the short-interest ratio is currently 0.6 days.

iShares India 50 ETF Stock Up 0.8%

NASDAQ:INDY traded up $0.38 during mid-day trading on Wednesday, reaching $49.29. 72,803 shares of the stock were exchanged, compared to its average volume of 125,883. The stock has a market capitalization of $638.31 million, a P/E ratio of 23.21 and a beta of 0.45. iShares India 50 ETF has a 1 year low of $46.93 and a 1 year high of $54.87. The company has a 50 day simple moving average of $52.15 and a 200-day simple moving average of $52.33.

iShares India 50 ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were issued a $3.9951 dividend. This represents a dividend yield of 1,664.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of INDY. Activest Wealth Management acquired a new position in iShares India 50 ETF in the second quarter valued at $25,000. First Horizon Corp purchased a new position in shares of iShares India 50 ETF during the third quarter worth about $44,000. Advisory Services Network LLC acquired a new position in iShares India 50 ETF in the 3rd quarter valued at about $55,000. Farther Finance Advisors LLC raised its stake in iShares India 50 ETF by 36.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,316 shares of the company’s stock valued at $72,000 after acquiring an additional 350 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in iShares India 50 ETF by 11.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,859 shares of the company’s stock worth $95,000 after acquiring an additional 198 shares during the period.

iShares India 50 ETF Company Profile

iShares India 50 ETF, formerly iShares S&P India Nifty 50 Index Fund, seeks investment results that correspond generally to the price and yield performance of the S&P CNX Nifty Index (the Index). The Index measures the equity performance of the top 50 companies by market capitalization that trade in the Indian market. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.