iShares India 50 ETF (NASDAQ:INDY) Sees Large Growth in Short Interest

iShares India 50 ETF (NASDAQ:INDY) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 98,845 shares, an increase of 153.0% from the December 15th total of 39,066 shares. Based on an average daily volume of 194,472 shares, the short-interest ratio is currently 0.5 days. Currently, 0.8% of the shares of the stock are sold short. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 194,472 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On iShares India 50 ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Activest Wealth Management acquired a new position in shares of iShares India 50 ETF in the 2nd quarter valued at $25,000. First Horizon Corp acquired a new stake in iShares India 50 ETF during the 3rd quarter worth about $44,000. Harbor Investment Advisory LLC purchased a new stake in iShares India 50 ETF during the fourth quarter valued at about $54,000. Advisory Services Network LLC acquired a new position in shares of iShares India 50 ETF in the third quarter worth about $55,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of iShares India 50 ETF by 36.2% in the second quarter. Farther Finance Advisors LLC now owns 1,316 shares of the company’s stock worth $72,000 after buying an additional 350 shares during the period.

iShares India 50 ETF Stock Down 0.1%

NASDAQ:INDY traded down $0.07 during trading hours on Thursday, reaching $48.34. 77,395 shares of the company’s stock were exchanged, compared to its average volume of 123,149. The company has a market capitalization of $633.25 million, a P/E ratio of 23.21 and a beta of 0.45. iShares India 50 ETF has a 12 month low of $46.93 and a 12 month high of $54.87. The business’s 50-day simple moving average is $51.17 and its two-hundred day simple moving average is $51.98.

iShares India 50 ETF Announces Dividend

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

About iShares India 50 ETF

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.