Shorting India (IFN, IIF)

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Includes: IFN, IIF, INFY, REDF, SAY, SIFY, TTM, WIT

A couple of readers complained that they had difficulty shorting the Indian CEFs, IFN and IIF. We investigated further, and here's what we found.

In response to article, Bill Cara Calls a Top in the India Closed End Funds, reader tkrisk wrote on September 8:

How do I short the Indian market….my wachovia broker…said the funds weren’t available to short? ….Thanks in advance

To which, we initially replied:

Hi tkrisk, We just confirmed the difficulty in shorting these funds. Schwab says, “This stock is either ineligible to be shorted or shares are not available to short.