India Internet ETF (NYSEARCA:INQQ) Short Interest Down 86.7% in April

India Internet ETF (NYSEARCA:INQQ) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 152 shares, a decline of 86.7% from the April 15th total of 1,141 shares. Based on an average daily volume of 38,833 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of INQQ. Raymond James Financial Inc. purchased a new position in India Internet ETF during the second quarter worth about $81,000. Osaic Holdings Inc. raised its position in India Internet ETF by 21.5% in the second quarter. Osaic Holdings Inc. now owns 6,382 shares of the company’s stock valued at $106,000 after purchasing an additional 1,130 shares during the period. Susquehanna International Group LLP purchased a new stake in India Internet ETF in the third quarter valued at approximately $163,000. Envestnet Asset Management Inc. purchased a new stake in India Internet ETF in the third quarter valued at approximately $231,000. Finally, Quantify Chaos Advisors LLC purchased a new stake in India Internet ETF in the fourth quarter valued at approximately $237,000.

India Internet ETF Stock Up 0.6%

NYSEARCA:INQQ traded up $0.07 on Thursday, reaching $12.14. The company’s stock had a trading volume of 11,166 shares, compared to its average volume of 32,203. India Internet ETF has a 12-month low of $11.25 and a 12-month high of $16.67. The firm has a market cap of $43.95 million, a price-to-earnings ratio of 57.79 and a beta of 0.70. The stock has a 50 day moving average price of $12.33 and a 200 day moving average price of $13.86.

About India Internet ETF

The India Internet & Ecommerce ETF (INQQ) is an exchange-traded fund that is based on the INQQ The India Internet & Ecommerce index. The fund tracks an index of companies centered around the internet and e-commerce technology in India. Securities are selected and weighted by market-cap. INQQ was launched on Apr 6, 2022 and is managed by India.