Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Shares Up 3.7% – Time to Buy?

Shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) shot up 3.7% during trading on Thursday . The company traded as high as $17.84 and last traded at $17.77. 275,208 shares traded hands during trading, an increase of 52% from the average session volume of 181,426 shares. The stock had previously closed at $17.14.

Analyst Ratings Changes

Several research firms have recently issued reports on INR. KeyCorp decreased their price objective on shares of Market Vectors Indian Rupee/USD ETN from $22.00 to $19.00 and set an “overweight” rating for the company in a report on Wednesday, November 12th. Roth Mkm increased their price target on Market Vectors Indian Rupee/USD ETN from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th.

Market Vectors Indian Rupee/USD ETN Price Performance

The company has a market cap of $1.08 billion, a PE ratio of -40.39 and a beta of 0.23. The stock has a fifty day moving average price of $15.51 and a 200-day moving average price of $14.08.

Insider Transactions at Market Vectors Indian Rupee/USD ETN

In other Market Vectors Indian Rupee/USD ETN news, Director David P. Poole bought 8,646 shares of the stock in a transaction on Tuesday, December 16th. The shares were bought at an average price of $12.94 per share, with a total value of $111,879.24. Following the purchase, the director directly owned 16,146 shares in the company, valued at $208,929.24. The trade was a 115.28% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Market Vectors Indian Rupee/USD ETN stock. Chung Wu Investment Group LLC bought a new position in Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,600 shares of the company’s stock, valued at approximately $38,000.

About Market Vectors Indian Rupee/USD ETN

International Consolidated Airlines Group, SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, Ireland, the United States, and rest of the world. The company operates under the British Airways, Iberia, Vueling, Aer Lingus, and LEVEL brands. It operates a fleet of 533 aircraft flying to 279 destinations. International Consolidated Airlines Group, SA, was incorporated in 2009 and is based in Madrid, Spain.