Range India Financials ETF (NYSEARCA:INDF) Shares Down 17.5% – Here’s Why

Range India Financials ETF (NYSEARCA:INDFGet Free Report) shares dropped 17.5% on Wednesday . The stock traded as low as $31.00 and last traded at $31.1750. Approximately 45,387 shares changed hands during trading, an increase of 1,037% from the average daily volume of 3,993 shares. The stock had previously closed at $37.81.

Range India Financials ETF Price Performance

The stock has a market capitalization of $9.35 million, a price-to-earnings ratio of 19.06 and a beta of 0.71. The business’s fifty day moving average price is $31.17 and its 200-day moving average price is $32.17.

Range India Financials ETF Company Profile

(Get Free Report)

The Nifty India Financials ETF (INDF) is an exchange-traded fund that is based on the Nifty Financial Services 25\u002F50 index. The fund is passively managed to select the top 20 Indian financial services companies by market capitalization. INDF was launched on Oct 21, 2020 and is managed by Nifty.

Further Reading

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