India Internet ETF (NYSEARCA:INQQ – Get Free Report) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 152 shares, a decrease of 86.7% from the April 15th total of 1,141 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 38,833 shares, the days-to-cover ratio is currently 0.0 days.
Institutional Investors Weigh In On India Internet ETF
A number of hedge funds have recently bought and sold shares of INQQ. Raymond James Financial Inc. purchased a new stake in India Internet ETF during the second quarter valued at $81,000. Ameriprise Financial Inc. raised its stake in India Internet ETF by 6.1% during the second quarter. Ameriprise Financial Inc. now owns 39,929 shares of the company’s stock valued at $663,000 after purchasing an additional 2,304 shares in the last quarter. Evergreen Capital Management LLC purchased a new stake in India Internet ETF during the second quarter valued at $1,878,000. Osaic Holdings Inc. raised its stake in India Internet ETF by 21.5% during the second quarter. Osaic Holdings Inc. now owns 6,382 shares of the company’s stock valued at $106,000 after purchasing an additional 1,130 shares in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in India Internet ETF during the third quarter valued at $231,000.
India Internet ETF Stock Down 3.2%
India Internet ETF stock traded down $0.40 during mid-day trading on Tuesday, reaching $12.06. 15,228 shares of the company’s stock traded hands, compared to its average volume of 32,572. The company has a market cap of $43.66 million, a price-to-earnings ratio of 57.79 and a beta of 0.70. The stock has a 50 day moving average of $12.36 and a two-hundred day moving average of $13.95. India Internet ETF has a 12-month low of $11.25 and a 12-month high of $16.67.
About India Internet ETF
The India Internet & Ecommerce ETF (INQQ) is an exchange-traded fund that is based on the INQQ The India Internet & Ecommerce index. The fund tracks an index of companies centered around the internet and e-commerce technology in India. Securities are selected and weighted by market-cap. INQQ was launched on Apr 6, 2022 and is managed by India.
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