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

Global X India Active ETF (NYSEARCA:NDIA) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 63,872 shares, an increase of 4,141.2% from the September 30th total of 1,506 shares. Based on an average daily trading volume, of 8,118 shares, the days-to-cover ratio is presently 7.9 days. Currently, 3.5% of the shares of the company are sold short.

Institutional Trading of Global X India Active ETF

Several institutional investors have recently modified their holdings of the company. Boothe Investment Group Inc. increased its position in shares of Global X India Active ETF by 4.9% during the third quarter. Boothe Investment Group Inc. now owns 584,158 shares of the company’s stock valued at $15,247,000 after purchasing an additional 27,453 shares during the period. Royal Bank of Canada boosted its stake in Global X India Active ETF by 3.0% during the first quarter. Royal Bank of Canada now owns 129,015 shares of the company’s stock worth $3,339,000 after buying an additional 3,785 shares in the last quarter. Empire Financial Management Company LLC boosted its stake in Global X India Active ETF by 10.2% during the first quarter. Empire Financial Management Company LLC now owns 51,906 shares of the company’s stock worth $1,343,000 after buying an additional 4,791 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Global X India Active ETF during the 2nd quarter worth about $301,000.

Global X India Active ETF Stock Up 0.3%

Shares of NDIA opened at $26.09 on Wednesday. Global X India Active ETF has a 12-month low of $25.04 and a 12-month high of $30.42. The firm has a market capitalization of $48.27 million, a price-to-earnings ratio of 26.49 and a beta of 0.36. The stock’s 50-day moving average price is $26.62 and its 200 day moving average price is $27.29.

About Global X India Active ETF

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.