VanEck Indonesia Index ETF (NYSEARCA:IDX) Sees Large Decline in Short Interest

VanEck Indonesia Index ETF (NYSEARCA:IDX) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 10,132 shares, a decline of 52.6% from the September 15th total of 21,384 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 22,566 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On VanEck Indonesia Index ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ascent Advisors LLC bought a new position in shares of VanEck Indonesia Index ETF during the 1st quarter worth about $658,000. Militia Capital Management LLC acquired a new stake in VanEck Indonesia Index ETF during the first quarter worth about $402,000. Finally, Royal Bank of Canada grew its position in VanEck Indonesia Index ETF by 96.1% during the first quarter. Royal Bank of Canada now owns 3,963 shares of the company’s stock worth $55,000 after buying an additional 1,942 shares in the last quarter.

VanEck Indonesia Index ETF Price Performance

Shares of NYSEARCA IDX traded down $1.10 during trading hours on Friday, hitting $9.20. 121,741 shares of the company’s stock were exchanged, compared to its average volume of 72,102. VanEck Indonesia Index ETF has a 1-year low of $8.93 and a 1-year high of $17.55. The stock has a market capitalization of $31.74 million, a price-to-earnings ratio of 11.41 and a beta of 0.34. The company’s 50-day moving average price is $11.23 and its 200-day moving average price is $11.56.

VanEck Indonesia Index ETF Company Profile

The Market Vectors Indonesia Index ETF (IDX) seeks, before fees and expenses, the price and yield performance of the Market Vectors Indonesia Index (the Index). The Index provides exposure to publicly traded companies that are domiciled and primarily listed in Indonesia, or that generate at least 50% of their revenues in Indonesia. The Index is the property of Market Vectors Index Solutions GmbH, which has contracted with Structured Solutions AG to maintain and calculate the Index.