Global X India Active ETF (NYSEARCA:NDIA) Sees Significant Increase in Short Interest

Global X India Active ETF (NYSEARCA:NDIA) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 7,307 shares, a growth of 631.4% from the May 14th total of 999 shares. Based on an average daily trading volume, of 63,802 shares, the short-interest ratio is presently 0.1 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NDIA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Global X India Active ETF in the 2nd quarter valued at about $5,540,000. Jane Street Group LLC acquired a new position in Global X India Active ETF in the 2nd quarter valued at about $327,000. IHT Wealth Management LLC raised its stake in Global X India Active ETF by 7.3% in the 2nd quarter. IHT Wealth Management LLC now owns 16,250 shares of the company’s stock valued at $499,000 after purchasing an additional 1,100 shares during the last quarter. Boothe Investment Group Inc. raised its stake in Global X India Active ETF by 3.2% in the 4th quarter. Boothe Investment Group Inc. now owns 400,931 shares of the company’s stock valued at $11,948,000 after purchasing an additional 12,246 shares during the last quarter. Finally, Empire Financial Management Company LLC raised its stake in Global X India Active ETF by 2.7% in the 4th quarter. Empire Financial Management Company LLC now owns 47,115 shares of the company’s stock valued at $1,404,000 after purchasing an additional 1,220 shares during the last quarter.

Global X India Active ETF Stock Performance

NDIA stock traded down $0.11 during trading on Wednesday, hitting $25.80. The stock had a trading volume of 1,124 shares, compared to its average volume of 12,743. The company’s 50 day moving average price is $26.79 and its two-hundred day moving average price is $28.23. Global X India Active ETF has a 1-year low of $25.04 and a 1-year high of $30.95. The stock has a market cap of $53.15 million, a price-to-earnings ratio of 26.49 and a beta of 0.37.

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.