Short Interest in Global X India Active ETF (NYSEARCA:NDIA) Increases By 631.4%

Global X India Active ETF (NYSEARCA:NDIA) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 7,307 shares, a growth of 631.4% from the May 14th total of 999 shares. Based on an average daily trading volume, of 63,802 shares, the short-interest ratio is presently 0.1 days. Currently, 0.4% of the shares of the company are sold short.

Global X India Active ETF Trading Up 1.0%

Shares of NDIA traded up $0.27 during mid-day trading on Friday, hitting $26.31. 941 shares of the company’s stock were exchanged, compared to its average volume of 12,568. Global X India Active ETF has a fifty-two week low of $25.04 and a fifty-two week high of $30.95. The firm has a market capitalization of $54.20 million, a P/E ratio of 26.49 and a beta of 0.37. The business’s 50 day moving average is $26.81 and its two-hundred day moving average is $28.17.

Institutional Investors Weigh In On Global X India Active ETF

Several hedge funds have recently made changes to their positions in the business. Boothe Investment Group Inc. lifted its position in Global X India Active ETF by 4.0% in the first quarter. Boothe Investment Group Inc. now owns 416,991 shares of the company’s stock valued at $10,793,000 after purchasing an additional 16,060 shares during the period. Empire Financial Management Company LLC lifted its position in Global X India Active ETF by 10.2% in the first quarter. Empire Financial Management Company LLC now owns 51,906 shares of the company’s stock valued at $1,343,000 after purchasing an additional 4,791 shares during the period. Royal Bank of Canada lifted its position in Global X India Active ETF by 3.0% in the first quarter. Royal Bank of Canada now owns 129,015 shares of the company’s stock valued at $3,339,000 after purchasing an additional 3,785 shares during the period. OLD Mission Capital LLC lifted its position in Global X India Active ETF by 171.0% in the fourth quarter. OLD Mission Capital LLC now owns 31,486 shares of the company’s stock valued at $938,000 after purchasing an additional 19,867 shares during the period. Finally, IHT Wealth Management LLC lifted its position in Global X India Active ETF by 19.5% in the fourth quarter. IHT Wealth Management LLC now owns 40,030 shares of the company’s stock valued at $1,193,000 after purchasing an additional 6,525 shares during the period.

About Global X India Active ETF

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.