VanEck Indonesia Index ETF (NYSEARCA:IDX) Sees Large Decline in Short Interest

VanEck Indonesia Index ETF (NYSEARCA:IDX) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 30,768 shares, a drop of 85.0% from the July 15th total of 204,758 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average trading volume of 87,928 shares, the days-to-cover ratio is presently 0.3 days.

VanEck Indonesia Index ETF Trading Up 1.3%

Shares of NYSEARCA IDX traded up $0.14 during mid-day trading on Friday, reaching $11.25. The company had a trading volume of 26,559 shares, compared to its average volume of 84,983. The stock has a market cap of $36.56 million, a PE ratio of 11.41 and a beta of 0.31. The company has a 50-day moving average price of $10.70 and a two-hundred day moving average price of $12.78. VanEck Indonesia Index ETF has a 1-year low of $9.51 and a 1-year high of $17.55.

Institutional Inflows and Outflows

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

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.