Short Interest in VanEck Indonesia Index ETF (NYSEARCA:IDX) Grows By 776.6%

VanEck Indonesia Index ETF (NYSEARCA:IDX) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 132,697 shares, a growth of 776.6% from the January 29th total of 15,138 shares. Approximately 4.3% of the company’s shares are short sold. Based on an average daily volume of 95,328 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily volume of 95,328 shares, the days-to-cover ratio is currently 1.4 days. Approximately 4.3% of the company’s shares are short sold.

VanEck Indonesia Index ETF Stock Up 0.4%

IDX stock traded up $0.06 during midday trading on Wednesday, reaching $16.16. The company’s stock had a trading volume of 33,567 shares, compared to its average volume of 151,626. The business’s 50-day simple moving average is $16.44 and its 200-day simple moving average is $16.41. VanEck Indonesia Index ETF has a 52 week low of $10.93 and a 52 week high of $17.55. The stock has a market cap of $50.10 million, a PE ratio of 11.41 and a beta of 0.48.

Hedge Funds Weigh In On VanEck Indonesia Index ETF

Hedge funds have recently added to or reduced their stakes in the stock. Copia Wealth Management acquired a new position in shares of VanEck Indonesia Index ETF during the 4th quarter worth about $72,000. Susquehanna International Group LLP acquired a new position in VanEck Indonesia Index ETF in the third quarter valued at about $229,000. HRT Financial LP acquired a new stake in shares of VanEck Indonesia Index ETF during the fourth quarter worth about $389,000. Mutual Advisors LLC bought a new position in shares of VanEck Indonesia Index ETF during the 4th quarter valued at about $451,000. Finally, LPL Financial LLC acquired a new position in shares of VanEck Indonesia Index ETF in the 4th quarter valued at approximately $594,000.

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.