Noteworthy ETF Flows: PowerShares India ETF (PIN) Declines 0.59% for Nov 23

November 23, 2016 - By Clifton Ray   ·   0 Comments

Nov 23 is a negative day so far for PowerShares India ETF (NYSEARCA:PIN) as the ETF is active during the day after losing 0.59% to hit $18.69 per share. The exchange traded fund has 10.79 million net assets and 1.01% volatility this month.

Over the course of the day 18,984 shares traded hands, as compared to an average volume of 835,270 over the last 30 days for PowerShares India ETF (NYSEARCA:PIN).

The ETF is -10.45% of its 52-Week High and 14.64% of its low, and is currently having ATR of 0.32. This year’s performance is -1.39% while this quarter’s performance is -8.42%.

The ETF’s YTD performance is 7.61%, the 1 year is 5.57% and the 3 year is 7.31%.

The ETF’s average P/E ratio is 17.39, the price to book is 2.5, the price to sales is 1.71 and the price to cashflow is 5.62. It was started on 03/05/2008. The fund’s top holdings are: Reliance Industries Ltd for 10.23% of assets, INFOSYS LTD. for 9.15%, HOUSING DEVELOPMENT FINANCE CO for 5.73%, OIL AND NATURAL GAS CORPORATIO for 4.99%, Sun Pharmaceuticals Industries Ltd for 4.47%, Hindustan Unilever Ltd for 4.19%, Axis Bank Ltd for 3.73%, INDIAN OIL CORPORATION LTD. for 3.38%, MARUTI SUZUKI INDIA LTD. for 3.15%, Coal India Ltd for 3.10%. The ETF sector weights are: Basic Materials 11.73%, Consumer Cyclical 8.13%, Financial Services 18.02%, Consumer Defensive 5.60%, Healthcare 10.72%, Utilities 2.40%, Communication Services 3.40%, Energy 21.54%, Industrials 2.97%, Technology 15.49%. The ETF currently as 1.05% yield.

More notable recent PowerShares India Portfolio (ETF) (NYSEARCA:PIN) news were published by: which released: “Indian Markets Open Lower; Sensex Down 100 Points” on November 18, 2016, also with their article: “Indian Markets Edge Lower; Rupee Gains Versus Dollar” published on November 17, 2016, published: “Top Ranked PowerShares India Portfolio ETF (PIN) In Focus” on March 25, 2013. More interesting news about PowerShares India Portfolio (ETF) (NYSEARCA:PIN) were released by: and their article: “Indian Markets Open Higher; Sensex Up 150 Points” published on November 16, 2016 as well as‘s news article titled: “ETF Spotlight: PowerShares India Portfolio (PIN)” with publication date: September 22, 2010.

PowerShares India Portfolio is based on the Indus India Index (Index). The ETF has a market cap of $10.79 million. 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. It currently has negative earnings. The Index is designed to represent the segment of the Indian equity markets.

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By Clifton Ray

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