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

Global X India Active ETF (NYSEARCA:NDIA) saw a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 450 shares, a drop of 99.3% from the October 15th total of 63,872 shares. Based on an average daily trading volume, of 1,915 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Global X India Active ETF Price Performance

Shares of NDIA opened at $29.04 on Wednesday. The company has a market capitalization of $55.76 million, a price-to-earnings ratio of 26.49 and a beta of 0.35. The business’s 50-day moving average is $26.63 and its 200-day moving average is $27.21. Global X India Active ETF has a fifty-two week low of $25.04 and a fifty-two week high of $30.42.

Institutional Inflows and Outflows

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

Global X India Active ETF Company Profile

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.