Short Interest in Global X India Active ETF (NYSEARCA:NDIA) Declines By 82.8%

Global X India Active ETF (NYSEARCA:NDIA) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 2,008 shares, a decline of 82.8% from the August 15th total of 11,689 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 3,493 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Global X India Active ETF

Institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new position in Global X India Active ETF during the 2nd quarter valued at approximately $301,000. Boothe Investment Group Inc. increased its stake in shares of Global X India Active ETF by 4.0% during the first quarter. Boothe Investment Group Inc. now owns 416,991 shares of the company’s stock valued at $10,793,000 after buying an additional 16,060 shares during the period. Empire Financial Management Company LLC increased its stake in shares of Global X India Active ETF by 10.2% during the first quarter. Empire Financial Management Company LLC now owns 51,906 shares of the company’s stock valued at $1,343,000 after buying an additional 4,791 shares during the period. Royal Bank of Canada raised its holdings in shares of Global X India Active ETF by 3.0% during the first quarter. Royal Bank of Canada now owns 129,015 shares of the company’s stock valued at $3,339,000 after acquiring an additional 3,785 shares in the last quarter. Finally, OLD Mission Capital LLC raised its holdings in shares of Global X India Active ETF by 171.0% during the fourth quarter. OLD Mission Capital LLC now owns 31,486 shares of the company’s stock valued at $938,000 after acquiring an additional 19,867 shares in the last quarter.

Global X India Active ETF Trading Up 0.7%

Shares of NYSEARCA:NDIA traded up $0.19 on Friday, reaching $26.81. 8,008 shares of the company traded hands, compared to its average volume of 9,356. The business’s 50-day simple moving average is $27.34 and its 200 day simple moving average is $27.11. The stock has a market capitalization of $57.64 million, a P/E ratio of 26.49 and a beta of 0.34. Global X India Active ETF has a 52 week low of $25.04 and a 52 week high of $30.68.

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.