VanEck Indonesia Index ETF (NYSEARCA:IDX) Sees Significant Drop in Short Interest

VanEck Indonesia Index ETF (NYSEARCA:IDX) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 25,843 shares, a drop of 81.0% from the December 15th total of 136,112 shares. Based on an average daily volume of 260,588 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.8% of the shares of the stock are sold short. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 260,588 shares, the days-to-cover ratio is currently 0.1 days.

VanEck Indonesia Index ETF Stock Up 0.5%

IDX stock traded up $0.09 during mid-day trading on Tuesday, hitting $16.86. 60,161 shares of the company were exchanged, compared to its average volume of 48,236. The firm has a market capitalization of $53.95 million, a P/E ratio of 11.41 and a beta of 0.48. VanEck Indonesia Index ETF has a 12-month low of $10.93 and a 12-month high of $17.55. The business has a fifty day simple moving average of $16.87 and a 200-day simple moving average of $16.13.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in VanEck Indonesia Index ETF stock. Susquehanna International Group LLP purchased a new stake in VanEck Indonesia Index ETF (NYSEARCA:IDX) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 14,212 shares of the company’s stock, valued at approximately $229,000. Susquehanna International Group LLP owned approximately 0.63% of VanEck Indonesia Index ETF at the end of the most recent quarter.

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.