Invesco India ETF (NYSEARCA:PIN) Sees Large Increase in Short Interest

Invesco India ETF (NYSEARCA:PIN) saw a large growth in short interest in February. As of February 13th, there was short interest totaling 5,770 shares, a growth of 89.1% from the January 29th total of 3,051 shares. Based on an average daily trading volume, of 52,950 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 52,950 shares, the days-to-cover ratio is currently 0.1 days.

Invesco India ETF Stock Performance

Shares of NYSEARCA:PIN traded down $0.21 during trading on Friday, reaching $23.39. The company had a trading volume of 22,295 shares, compared to its average volume of 50,088. The firm’s fifty day moving average is $23.85 and its 200 day moving average is $25.15. The firm has a market capitalization of $177.53 million, a PE ratio of 26.32 and a beta of 0.47. Invesco India ETF has a twelve month low of $22.99 and a twelve month high of $27.20.

Hedge Funds Weigh In On Invesco India ETF

Several hedge funds have recently modified their holdings of PIN. Allworth Financial LP purchased a new position in Invesco India ETF in the 3rd quarter worth about $36,000. Advisory Services Network LLC purchased a new stake in Invesco India ETF during the third quarter valued at about $38,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Invesco India ETF by 491.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,923 shares of the company’s stock worth $47,000 after buying an additional 1,598 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Invesco India ETF by 211.0% in the fourth quarter. Farther Finance Advisors LLC now owns 2,550 shares of the company’s stock worth $62,000 after buying an additional 1,730 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of 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 worth $87,000 after acquiring an additional 963 shares in the last quarter. 40.83% of the stock is currently owned by institutional investors and hedge funds.

Invesco India ETF Company Profile

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.