Global X India Active ETF (NYSEARCA:NDIA) Short Interest Up 631.4% in May

Global X India Active ETF (NYSEARCA:NDIA) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 7,307 shares, a growth of 631.4% from the May 14th total of 999 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 63,802 shares, the days-to-cover ratio is presently 0.1 days.

Global X India Active ETF Price Performance

Global X India Active ETF stock traded up $0.24 during midday trading on Thursday, reaching $26.04. The company had a trading volume of 5,087 shares, compared to its average volume of 12,674. The company has a market capitalization of $53.64 million, a P/E ratio of 26.49 and a beta of 0.37. Global X India Active ETF has a 12-month low of $25.04 and a 12-month high of $30.95. The firm’s fifty day simple moving average is $26.81 and its 200-day simple moving average is $28.20.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NDIA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Global X India Active ETF in the 2nd quarter worth approximately $5,540,000. OLD Mission Capital LLC lifted its stake in Global X India Active ETF by 171.0% in the 4th quarter. OLD Mission Capital LLC now owns 31,486 shares of the company’s stock worth $938,000 after purchasing an additional 19,867 shares in the last quarter. Boothe Investment Group Inc. lifted its stake in Global X India Active ETF by 4.0% in the 1st quarter. Boothe Investment Group Inc. now owns 416,991 shares of the company’s stock worth $10,793,000 after purchasing an additional 16,060 shares in the last quarter. Jane Street Group LLC purchased a new position in Global X India Active ETF in the 2nd quarter worth approximately $327,000. Finally, IHT Wealth Management LLC lifted its stake in Global X India Active ETF by 19.5% in the 4th quarter. IHT Wealth Management LLC now owns 40,030 shares of the company’s stock worth $1,193,000 after purchasing an additional 6,525 shares in the last quarter.

About Global X India Active ETF

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.