iShares India 50 ETF (NASDAQ:INDY – Get Rating) was the recipient of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 213,800 shares, a growth of 27.6% from the January 15th total of 167,500 shares. Based on an average trading volume of 66,500 shares, the short-interest ratio is presently 3.2 days.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Belpointe Asset Management LLC bought a new position in shares of iShares India 50 ETF in the fourth quarter valued at approximately $26,000. Private Trust Co. NA bought a new position in shares of iShares India 50 ETF in the second quarter valued at approximately $29,000. Signaturefd LLC lifted its holdings in shares of iShares India 50 ETF by 100.0% in the third quarter. Signaturefd LLC now owns 4,000 shares of the company's stock valued at $169,000 after purchasing an additional 2,000 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of iShares India 50 ETF by 90.9% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,200 shares of the company's stock valued at $175,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Prudential Financial Inc. bought a new stake in iShares India 50 ETF during the third quarter worth $203,000.
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iShares India 50 ETF Stock Up 0.8 %
Shares of INDY stock traded up $0.32 during trading hours on Wednesday, reaching $42.31. The company had a trading volume of 34,842 shares, compared to its average volume of 79,220. iShares India 50 ETF has a 12 month low of $40.17 and a 12 month high of $48.51. The business has a fifty day simple moving average of $42.73 and a 200-day simple moving average of $43.68.
iShares India 50 ETF Cuts Dividend
The business also recently announced a Semi-Annual dividend, which was paid on Monday, December 19th. Stockholders of record on Wednesday, December 14th were issued a $1.585 dividend. The ex-dividend date was Tuesday, December 13th.
iShares India 50 ETF Company Profile
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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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