iShares MSCI India Small-Cap ETF (BATS:SMIN) Trading Down 2.6% – Time to Sell?

Shares of iShares MSCI India Small-Cap ETF (BATS:SMINGet Free Report) traded down 2.6% during trading on Wednesday . The company traded as low as $72.08 and last traded at $69.8030. 201,805 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 236,609 shares. The stock had previously closed at $71.69.

iShares MSCI India Small-Cap ETF Stock Performance

The company has a fifty day moving average price of $71.67 and a two-hundred day moving average price of $73.37. The company has a market cap of $851.60 million, a P/E ratio of 26.27 and a beta of 0.48.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC increased its position in iShares MSCI India Small-Cap ETF by 81.5% during the second quarter. NewEdge Advisors LLC now owns 334 shares of the company’s stock worth $26,000 after buying an additional 150 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of iShares MSCI India Small-Cap ETF during the third quarter worth approximately $42,000. CIBC Bancorp USA Inc. acquired a new position in shares of iShares MSCI India Small-Cap ETF in the third quarter valued at approximately $212,000. Brighton Jones LLC bought a new position in shares of iShares MSCI India Small-Cap ETF during the fourth quarter worth approximately $245,000. Finally, Osaic Holdings Inc. lifted its holdings in iShares MSCI India Small-Cap ETF by 25.0% during the 2nd quarter. Osaic Holdings Inc. now owns 3,336 shares of the company’s stock worth $258,000 after purchasing an additional 667 shares during the last quarter.

About iShares MSCI India Small-Cap ETF

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The iShares MSCI India Small-Cap ETF (SMIN) is an exchange-traded fund that is based on the MSCI India Small Cap index, a market-cap-weighted index of the bottom 14% of companies traded on Indian stock markets. SMIN was launched on Feb 8, 2012 and is managed by BlackRock.

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