Short Interest in VanEck Indonesia Index ETF (NYSEARCA:IDX) Drops By 33.9%

VanEck Indonesia Index ETF (NYSEARCA:IDX) saw a significant decline in short interest in February. As of February 27th, there was short interest totaling 87,682 shares, a decline of 33.9% from the February 12th total of 132,697 shares. Based on an average daily volume of 32,196 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.8% of the shares of the stock are sold short. Currently, 2.8% of the shares of the stock are sold short. Based on an average daily volume of 32,196 shares, the days-to-cover ratio is currently 2.7 days.

VanEck Indonesia Index ETF Stock Down 2.1%

Shares of IDX stock traded down $0.30 during trading on Friday, hitting $13.70. The company had a trading volume of 54,083 shares, compared to its average volume of 127,328. The stock’s 50-day moving average is $15.97 and its two-hundred day moving average is $16.29. The stock has a market capitalization of $42.47 million, a price-to-earnings ratio of 11.41 and a beta of 0.48. VanEck Indonesia Index ETF has a 52 week low of $10.93 and a 52 week high of $17.55.

Hedge Funds Weigh In On VanEck Indonesia Index ETF

A number of institutional investors have recently made changes to their positions in IDX. OLD Mission Capital LLC lifted its holdings in shares of VanEck Indonesia Index ETF by 157.0% during the 4th quarter. OLD Mission Capital LLC now owns 338,821 shares of the company’s stock worth $5,594,000 after acquiring an additional 207,001 shares during the last quarter. Cetera Investment Advisers purchased a new position in VanEck Indonesia Index ETF in the fourth quarter worth $853,000. Stifel Financial Corp increased its stake in VanEck Indonesia Index ETF by 2.4% in the fourth quarter. Stifel Financial Corp now owns 105,686 shares of the company’s stock valued at $1,745,000 after acquiring an additional 2,429 shares during the last quarter. Jane Street Group LLC raised its position in VanEck Indonesia Index ETF by 691.5% during the fourth quarter. Jane Street Group LLC now owns 476,502 shares of the company’s stock valued at $7,867,000 after purchasing an additional 416,300 shares in the last quarter. Finally, HRT Financial LP purchased a new stake in VanEck Indonesia Index ETF during the fourth quarter valued at about $389,000.

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.