VanEck Indonesia Index ETF (NYSEARCA:IDX) Shares Shorted: Short Interest Up 89.0% in October

VanEck Indonesia Index ETF (NYSEARCA:IDX) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 19,153 shares, an increase of 89.0% from the September 30th total of 10,132 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 30,923 shares, the short-interest ratio is currently 0.6 days.

VanEck Indonesia Index ETF Stock Up 1.4%

IDX traded up $0.12 on Monday, reaching $8.91. 52,178 shares of the company traded hands, compared to its average volume of 72,125. VanEck Indonesia Index ETF has a one year low of $8.73 and a one year high of $17.55. The firm has a fifty day simple moving average of $10.76 and a two-hundred day simple moving average of $12.42. The company has a market cap of $30.74 million, a P/E ratio of 11.41 and a beta of 0.34.

Institutional Trading of VanEck Indonesia Index ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ascent Advisors LLC purchased a new stake in VanEck Indonesia Index ETF in the first quarter worth about $658,000. Militia Capital Management LLC purchased a new position in VanEck Indonesia Index ETF during the 1st quarter valued at about $402,000. Finally, Royal Bank of Canada increased its position in VanEck Indonesia Index ETF by 96.1% during the 1st quarter. Royal Bank of Canada now owns 3,963 shares of the company’s stock valued at $55,000 after purchasing an additional 1,942 shares during the period.

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.