Invesco India ETF (NYSEARCA:PIN) Short Interest Update

Invesco India ETF (NYSEARCA:PIN) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 3,672 shares, a decrease of 57.4% from the December 15th total of 8,624 shares. Based on an average daily trading volume, of 63,162 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 63,162 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Invesco India ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PIN. Bank of America Corp DE boosted its stake in shares of Invesco India ETF by 19.4% in the third quarter. Bank of America Corp DE now owns 703,034 shares of the company’s stock worth $17,625,000 after acquiring an additional 114,064 shares during the period. Flow Traders U.S. LLC purchased a new position in Invesco India ETF in the 3rd quarter worth approximately $2,268,000. Jane Street Group LLC bought a new position in Invesco India ETF in the 1st quarter worth approximately $1,117,000. Citadel Advisors LLC grew its holdings in Invesco India ETF by 130.2% during the 3rd quarter. Citadel Advisors LLC now owns 48,182 shares of the company’s stock valued at $1,208,000 after buying an additional 27,247 shares in the last quarter. Finally, McAdam LLC grew its holdings in Invesco India ETF by 7.2% during the 2nd quarter. McAdam LLC now owns 224,377 shares of the company’s stock valued at $6,047,000 after buying an additional 15,015 shares in the last quarter. 40.83% of the stock is owned by institutional investors.

Invesco India ETF Price Performance

NYSEARCA PIN traded up $0.08 during mid-day trading on Wednesday, reaching $23.94. The stock had a trading volume of 65,923 shares, compared to its average volume of 44,758. Invesco India ETF has a 1 year low of $23.07 and a 1 year high of $27.20. The stock has a market cap of $181.70 million, a PE ratio of 26.32 and a beta of 0.47. The company has a fifty day moving average price of $25.39 and a 200 day moving average price of $25.73.

Invesco India ETF Company Profile

PowerShares India Portfolio (the Fund) is based on the Indus India Index (Index). The Fund seeks to achieve its investment objective by investing substantially all of its assets in a wholly-owned subsidiary located in the Republic of Mauritius (the Subsidiary), which in turn invests at least 90% of its total assets in securities of Indian companies that consists of the Index, as well as American depositary receipts(ADR) and global depositary receipts (GDR) based on the securities in the Index. The Index is designed to represent the segment of the Indian equity markets.