INDY Stock Summary and Trading Ideas (iShares India 50 ETF | NASDAQ:INDY)

The Fund seeks to track the investment results of the Nifty 50 Index (the Underlying Index ), which measures the equity performance of the top 50 companies by free float market capitalization whose equity securities trade in the Indian securities markets. The Underlying Index may include large-, mid- or small-capitalization companies. Components of the Underlying Index primarily include consumer discretionary, energy, financials and information technology companies. The components of the Underlying Index, and the degree to which these components represent certain industries, may change over time.

iShares India 50 ETF trades on the NASDAQ stock market under the symbol INDY.

As of April 29, 2024, INDY stock price climbed to $50.85 with 52,060 million shares trading.

INDY has a beta of 0.44, meaning it tends to be less sensitive to market movements. INDY has a correlation of 0.31 to the broad based SPY ETF.

INDY has a market cap of $874.62 million. This is considered a Small Cap stock.

In the last 3 years, INDY stock traded as high as $53.83 and as low as $39.42.

INDY has underperformed the market in the last year with a return of +19.5%, while the SPY ETF gained +24.2%. In the last 3 month period, INDY fell short of the market, returning +2.5%, while SPY returned +4.1%. However, in the most recent 2 weeks INDY has outperformed the stock market by returning +2.2%, while SPY returned +1.1%.

INDY support price is $50.29 and resistance is $50.89 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that INDY stock will trade within this expected range on the day.