Short Interest in VanEck Indonesia Index ETF (NYSEARCA:IDX) Drops By 59.0%

VanEck Indonesia Index ETF (NYSEARCA:IDX) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 149,869 shares, a decrease of 59.0% from the May 14th total of 365,829 shares. Based on an average trading volume of 218,807 shares, the short-interest ratio is presently 0.7 days. Currently, 6.8% of the shares of the stock are short sold.

Hedge Funds Weigh In On VanEck Indonesia Index ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IDX. Militia Capital Management LLC bought a new stake in shares of VanEck Indonesia Index ETF in the first quarter worth $402,000. Royal Bank of Canada lifted its holdings in VanEck Indonesia Index ETF by 96.1% during the 1st quarter. Royal Bank of Canada now owns 3,963 shares of the company’s stock worth $55,000 after buying an additional 1,942 shares during the period. Ascent Advisors LLC bought a new stake in shares of VanEck Indonesia Index ETF in the 1st quarter valued at about $658,000. OLD Mission Capital LLC grew its position in shares of VanEck Indonesia Index ETF by 157.0% in the 4th quarter. OLD Mission Capital LLC now owns 338,821 shares of the company’s stock valued at $5,594,000 after buying an additional 207,001 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of VanEck Indonesia Index ETF in the fourth quarter valued at about $853,000.

VanEck Indonesia Index ETF Price Performance

IDX stock traded up $0.29 during midday trading on Friday, reaching $10.82. 85,894 shares of the stock were exchanged, compared to its average volume of 97,661. VanEck Indonesia Index ETF has a 52 week low of $9.51 and a 52 week high of $17.55. The company has a fifty day moving average price of $12.44 and a 200 day moving average price of $14.71. The stock has a market capitalization of $23.80 million, a PE ratio of 11.41 and a beta of 0.31.

VanEck Indonesia Index ETF Company Profile

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.