Short Interest in Invesco India ETF (NYSEARCA:PIN) Expands By 469.9%

Invesco India ETF (NYSEARCA:PIN) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 20,926 shares, a growth of 469.9% from the December 31st total of 3,672 shares. Based on an average trading volume of 43,873 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 43,873 shares, the short-interest ratio is presently 0.5 days.

Invesco India ETF Trading Up 0.4%

Invesco India ETF stock opened at $23.28 on Wednesday. The firm has a market capitalization of $176.70 million, a P/E ratio of 26.32 and a beta of 0.47. Invesco India ETF has a 1 year low of $22.99 and a 1 year high of $27.20. The business has a 50-day moving average of $24.88 and a 200-day moving average of $25.50.

Hedge Funds Weigh In On Invesco India ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in Invesco India ETF in the first quarter valued at about $1,117,000. Wealth Enhancement Advisory Services LLC bought a new stake in Invesco India ETF in the second quarter valued at $244,000. Truist Financial Corp grew its stake in Invesco India ETF by 6.7% in the second quarter. Truist Financial Corp now owns 124,472 shares of the company’s stock valued at $3,355,000 after acquiring an additional 7,800 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Invesco India ETF in the second quarter valued at $37,000. Finally, Washington Growth Strategies LLC increased its holdings in Invesco India ETF by 44,552.0% during the 2nd quarter. Washington Growth Strategies LLC now owns 11,163 shares of the company’s stock worth $301,000 after purchasing an additional 11,138 shares in the last quarter. Institutional investors own 40.83% of the company’s stock.

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.