Vident International Equity Strategy ETF (NYSEARCA:VIDI) Sees Large Increase in Short Interest

Vident International Equity Strategy ETF (NYSEARCA:VIDI) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 33,695 shares, an increase of 117.1% from the May 31st total of 15,524 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 14,660 shares, the short-interest ratio is currently 2.3 days.

Institutional Investors Weigh In On Vident International Equity Strategy ETF

A hedge fund recently raised its stake in Vident International Equity Strategy ETF stock. Flow Traders U.S. LLC raised its position in Vident International Equity Strategy ETF (NYSEARCA:VIDI) by 211.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 187,165 shares of the company’s stock after buying an additional 127,084 shares during the period. Flow Traders U.S. LLC owned approximately 1.59% of Vident International Equity Strategy ETF worth $6,006,000 at the end of the most recent quarter.

Vident International Equity Strategy ETF Stock Performance

Vident International Equity Strategy ETF stock traded down $0.48 during midday trading on Wednesday, reaching $38.53. The stock had a trading volume of 17,245 shares, compared to its average volume of 25,191. The stock has a market capitalization of $431.54 million, a PE ratio of 9.79 and a beta of 0.76. Vident International Equity Strategy ETF has a twelve month low of $29.35 and a twelve month high of $41.67. The stock’s 50-day simple moving average is $39.68 and its 200 day simple moving average is $37.38.

About Vident International Equity Strategy ETF

The Vident International Equity Fund (VIDI) is an exchange-traded fund that is based on the Vident Core International Equity index. The fund tracks an index of companies from both developed and emerging markets, ex-US. The fund selects and weights its constituents in a tiered structure based on various risk and fundamental measures. VIDI was launched on Oct 29, 2013 and is managed by Vident.