Short Interest in iShares India 50 ETF (INDY) Declines By 55.5%

iShares India 50 ETF (NASDAQ:INDY) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 336,683 shares, a decline of 55.5% from the October 15th total of 756,084 shares. Based on an average daily trading volume, of 267,171 shares, the short-interest ratio is currently 1.3 days.

INDY stock opened at $32.87 on Friday. iShares India 50 ETF has a twelve month low of $31.04 and a twelve month high of $39.29.

Several hedge funds have recently bought and sold shares of the company. CIBC World Markets Inc. lifted its position in shares of iShares India 50 ETF by 246.9% during the 3rd quarter. CIBC World Markets Inc. now owns 68,396 shares of the company’s stock valued at $2,339,000 after buying an additional 48,680 shares in the last quarter. BlackRock Inc. lifted its position in shares of iShares India 50 ETF by 1.5% during the 3rd quarter. BlackRock Inc. now owns 2,168,095 shares of the company’s stock valued at $74,149,000 after buying an additional 32,613 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of iShares India 50 ETF by 3.1% during the 3rd quarter. Janus Henderson Group PLC now owns 656,300 shares of the company’s stock valued at $22,445,000 after buying an additional 19,700 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of iShares India 50 ETF by 26.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,835 shares of the company’s stock valued at $815,000 after buying an additional 4,940 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of iShares India 50 ETF by 20.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 21,987 shares of the company’s stock valued at $751,000 after buying an additional 3,700 shares in the last quarter.

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About iShares India 50 ETF

iShares India 50 ETF, formerly iShares S&P India Nifty 50 Index Fund, seeks investment results that correspond generally to the price and yield performance of the S&P CNX Nifty Index (the Index). The Index measures the equity performance of the top 50 companies by market capitalization that trade in the Indian market.

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