Global X India Active ETF (NYSEARCA:NDIA) Short Interest Down 44.7% in July

Global X India Active ETF (NYSEARCA:NDIA) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,532 shares, a decline of 44.7% from the July 15th total of 2,769 shares. Based on an average daily volume of 2,069 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the company’s shares are sold short.

Global X India Active ETF Trading Down 0.6%

NYSEARCA NDIA traded down $0.16 on Monday, hitting $27.36. The company’s stock had a trading volume of 857 shares, compared to its average volume of 10,086. Global X India Active ETF has a 52-week low of $25.04 and a 52-week high of $30.68. The company’s 50-day simple moving average is $27.15 and its 200 day simple moving average is $27.37. The firm has a market cap of $58.82 million, a P/E ratio of 26.49 and a beta of 0.35.

Institutional Trading of Global X India Active ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NDIA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Global X India Active ETF during the 2nd quarter valued at $5,540,000. Jane Street Group LLC purchased a new stake in shares of Global X India Active ETF in the 2nd quarter worth about $327,000. IHT Wealth Management LLC lifted its position in shares of Global X India Active ETF by 7.3% in the 2nd quarter. IHT Wealth Management LLC now owns 16,250 shares of the company’s stock worth $499,000 after purchasing an additional 1,100 shares during the period. Boothe Investment Group Inc. boosted its stake in shares of Global X India Active ETF by 3.2% during the 4th quarter. Boothe Investment Group Inc. now owns 400,931 shares of the company’s stock valued at $11,948,000 after purchasing an additional 12,246 shares in the last quarter. Finally, Empire Financial Management Company LLC boosted its stake in shares of Global X India Active ETF by 2.7% during the 4th quarter. Empire Financial Management Company LLC now owns 47,115 shares of the company’s stock valued at $1,404,000 after purchasing an additional 1,220 shares in the last quarter.

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.