Short Interest in Invesco India ETF (NYSEARCA:PIN) Drops By 42.6%

Invesco India ETF (NYSEARCA:PIN) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 8,624 shares, a drop of 42.6% from the November 30th total of 15,025 shares. Based on an average trading volume of 33,723 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 33,723 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Invesco India ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings in shares of Invesco India ETF by 19.4% during the third quarter. Bank of America Corp DE now owns 703,034 shares of the company’s stock valued at $17,625,000 after purchasing an additional 114,064 shares during the period. MML Investors Services LLC increased its position in Invesco India ETF by 3.3% in the 2nd quarter. MML Investors Services LLC now owns 329,187 shares of the company’s stock valued at $8,872,000 after buying an additional 10,594 shares in the last quarter. McAdam LLC boosted its holdings in Invesco India ETF by 4.9% in the third quarter. McAdam LLC now owns 235,442 shares of the company’s stock worth $5,903,000 after acquiring an additional 11,065 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Invesco India ETF by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 227,038 shares of the company’s stock valued at $6,119,000 after acquiring an additional 5,335 shares during the period. Finally, OLD Mission Capital LLC grew its stake in Invesco India ETF by 409.0% in the first quarter. OLD Mission Capital LLC now owns 191,228 shares of the company’s stock valued at $4,783,000 after acquiring an additional 153,662 shares during the period. 40.83% of the stock is owned by institutional investors.

Invesco India ETF Stock Performance

Shares of Invesco India ETF stock traded down $0.15 on Monday, reaching $24.09. 118,464 shares of the company’s stock were exchanged, compared to its average volume of 44,870. The company has a market capitalization of $196.82 million, a P/E ratio of 26.32 and a beta of 0.47. Invesco India ETF has a 52 week low of $23.07 and a 52 week high of $27.20. The firm’s 50-day moving average is $25.89 and its two-hundred day moving average is $25.92.

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.