Short Interest in Invesco India ETF (NYSEARCA:PIN) Decreases By 57.4%

Invesco India ETF (NYSEARCA:PIN) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 3,672 shares, a decline of 57.4% from the December 15th total of 8,624 shares. Based on an average daily trading volume, of 63,162 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 63,162 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Invesco India ETF

Hedge funds have recently bought and sold shares of the business. Ameritas Advisory Services LLC acquired a new position in shares of Invesco India ETF in the 2nd quarter valued at approximately $37,000. Allworth Financial LP bought a new stake in shares of Invesco India ETF in the third quarter worth $36,000. Advisory Services Network LLC bought a new stake in shares of Invesco India ETF in the third quarter worth $38,000. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco India ETF by 38.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,452 shares of the company’s stock valued at $87,000 after acquiring an additional 963 shares in the last quarter. Finally, Daymark Wealth Partners LLC bought a new position in Invesco India ETF during the 2nd quarter valued at $210,000. Institutional investors and hedge funds own 40.83% of the company’s stock.

Invesco India ETF Trading Down 1.0%

NYSEARCA:PIN traded down $0.25 on Friday, reaching $23.75. The stock had a trading volume of 19,841 shares, compared to its average volume of 41,640. The company has a 50-day moving average of $25.35 and a 200 day moving average of $25.72. The stock has a market cap of $180.26 million, a P/E ratio of 26.32 and a beta of 0.47. Invesco India ETF has a 12-month low of $23.07 and a 12-month high of $27.20.

About Invesco India ETF

PowerShares India Portfolio (the Fund) is based on the Indus India Index (Index). The Fund seeks to achieve its investment objective by investing substantially all of its assets in a wholly-owned subsidiary located in the Republic of Mauritius (the Subsidiary), which in turn invests at least 90% of its total assets in securities of Indian companies that consists of the Index, as well as American depositary receipts(ADR) and global depositary receipts (GDR) based on the securities in the Index. The Index is designed to represent the segment of the Indian equity markets.