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.