VanEck Indonesia Index ETF (NYSEARCA:IDX) Short Interest Up 127.9% in May

VanEck Indonesia Index ETF (NYSEARCA:IDX) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 365,829 shares, an increase of 127.9% from the April 30th total of 160,551 shares. Approximately 16.6% of the shares of the company are sold short. Based on an average daily volume of 41,329 shares, the short-interest ratio is presently 8.9 days.

VanEck Indonesia Index ETF Price Performance

Shares of IDX stock traded up $0.11 during midday trading on Tuesday, hitting $10.97. The company had a trading volume of 112,009 shares, compared to its average volume of 97,644. The company’s 50 day simple moving average is $13.00 and its 200 day simple moving average is $15.10. VanEck Indonesia Index ETF has a 52-week low of $10.67 and a 52-week high of $17.55. The stock has a market cap of $24.13 million, a price-to-earnings ratio of 11.41 and a beta of 0.37.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of IDX. Jane Street Group LLC purchased a new position in shares of VanEck Indonesia Index ETF in the 2nd quarter valued at approximately $1,167,000. Susquehanna International Group LLP acquired a new position in shares of VanEck Indonesia Index ETF during the third quarter worth about $229,000. Mutual Advisors LLC acquired a new position in shares of VanEck Indonesia Index ETF during the fourth quarter worth about $451,000. Copia Wealth Management acquired a new position in shares of VanEck Indonesia Index ETF during the fourth quarter worth about $72,000. Finally, Foundations Investment Advisors LLC acquired a new position in shares of VanEck Indonesia Index ETF during the fourth quarter worth about $848,000.

About VanEck Indonesia Index ETF

The Market Vectors Indonesia Index ETF (IDX) seeks, before fees and expenses, the price and yield performance of the Market Vectors Indonesia Index (the Index). The Index provides exposure to publicly traded companies that are domiciled and primarily listed in Indonesia, or that generate at least 50% of their revenues in Indonesia. The Index is the property of Market Vectors Index Solutions GmbH, which has contracted with Structured Solutions AG to maintain and calculate the Index.