Short Interest in iShares India 50 ETF (NASDAQ:INDY) Drops By 23.9%

iShares India 50 ETF (NASDAQ:INDY) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 39,066 shares, a decrease of 23.9% from the November 30th total of 51,324 shares. Based on an average trading volume of 67,822 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 67,822 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On iShares India 50 ETF

Hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its holdings in shares of iShares India 50 ETF by 4,657.3% during the first quarter. Jones Financial Companies Lllp now owns 169,218 shares of the company’s stock valued at $8,591,000 after acquiring an additional 165,661 shares during the period. UBS Group AG increased its stake in shares of iShares India 50 ETF by 2.6% in the 3rd quarter. UBS Group AG now owns 149,238 shares of the company’s stock valued at $7,596,000 after buying an additional 3,822 shares during the period. Bank of America Corp DE lifted its stake in shares of iShares India 50 ETF by 7.2% during the third quarter. Bank of America Corp DE now owns 117,462 shares of the company’s stock valued at $5,979,000 after acquiring an additional 7,933 shares during the period. Royal Bank of Canada raised its holdings in iShares India 50 ETF by 192.1% during the 1st quarter. Royal Bank of Canada now owns 87,811 shares of the company’s stock worth $4,458,000 after purchasing an additional 57,749 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its position in iShares India 50 ETF by 978.9% during the 2nd quarter. Quadrature Capital Ltd now owns 46,866 shares of the company’s stock valued at $2,548,000 after purchasing an additional 42,522 shares during the period.

iShares India 50 ETF Price Performance

Shares of iShares India 50 ETF stock traded up $0.06 during midday trading on Tuesday, hitting $48.93. The company had a trading volume of 520,168 shares, compared to its average volume of 126,096. iShares India 50 ETF has a 1-year low of $46.93 and a 1-year high of $54.87. The business’s 50 day simple moving average is $52.25 and its two-hundred day simple moving average is $52.35. The stock has a market cap of $633.58 million, a PE ratio of 23.21 and a beta of 0.45.

iShares India 50 ETF Dividend Announcement

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

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.