Short Interest in Global X India Active ETF (NYSEARCA:NDIA) Declines By 67.6%

Global X India Active ETF (NYSEARCA:NDIA) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 2,370 shares, a decline of 67.6% from the May 31st total of 7,307 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 17,841 shares, the days-to-cover ratio is currently 0.1 days.

Global X India Active ETF Trading Down 0.2%

NYSEARCA:NDIA traded down $0.06 during mid-day trading on Monday, hitting $27.18. The company’s stock had a trading volume of 4,195 shares, compared to its average volume of 11,997. The company has a market capitalization of $55.99 million, a price-to-earnings ratio of 26.49 and a beta of 0.37. Global X India Active ETF has a fifty-two week low of $25.04 and a fifty-two week high of $30.90. The stock has a fifty day moving average of $26.82 and a 200-day moving average of $27.94.

Hedge Funds Weigh In On Global X India Active ETF

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in Global X India Active ETF in the 2nd quarter valued at $327,000. IHT Wealth Management LLC raised its stake in Global X India Active ETF by 7.3% during the second quarter. IHT Wealth Management LLC now owns 16,250 shares of the company’s stock worth $499,000 after acquiring an additional 1,100 shares in the last quarter. OLD Mission Capital LLC raised its stake in Global X India Active ETF by 171.0% during the fourth quarter. OLD Mission Capital LLC now owns 31,486 shares of the company’s stock worth $938,000 after acquiring an additional 19,867 shares in the last quarter. Empire Financial Management Company LLC lifted its holdings in shares of Global X India Active ETF by 10.2% during the first quarter. Empire Financial Management Company LLC now owns 51,906 shares of the company’s stock valued at $1,343,000 after acquiring an additional 4,791 shares during the period. Finally, Royal Bank of Canada lifted its holdings in shares of Global X India Active ETF by 3.0% during the first quarter. Royal Bank of Canada now owns 129,015 shares of the company’s stock valued at $3,339,000 after acquiring an additional 3,785 shares during the period.

Global X India Active ETF Company Profile

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.