India Internet ETF (NYSEARCA:INQQ – Get Free Report) shares dropped 0.4% during trading on Monday . The stock traded as low as $13.92 and last traded at $13.92. 13,163 shares were traded during mid-day trading, a decline of 56% from the average session volume of 30,075 shares. The stock had previously closed at $13.98.
India Internet ETF Stock Performance
The business’s 50 day moving average is $13.21 and its two-hundred day moving average is $12.77. The firm has a market capitalization of $45.52 million, a PE ratio of 57.79 and a beta of 0.66.
Institutional Trading of India Internet ETF
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Evergreen Capital Management LLC bought a new position in India Internet ETF in the 2nd quarter worth about $1,878,000. Ameritas Advisory Services LLC increased its position in shares of India Internet ETF by 290.9% during the second quarter. Ameritas Advisory Services LLC now owns 126,835 shares of the company’s stock valued at $1,632,000 after buying an additional 94,390 shares during the period. Quantify Chaos Advisors LLC purchased a new stake in shares of India Internet ETF in the fourth quarter worth about $237,000. Envestnet Asset Management Inc. purchased a new stake in shares of India Internet ETF in the third quarter worth about $231,000. Finally, Jane Street Group LLC boosted its position in shares of India Internet ETF by 8.9% in the fourth quarter. Jane Street Group LLC now owns 132,202 shares of the company’s stock valued at $1,946,000 after acquiring an additional 10,798 shares during the period.
About India Internet ETF
The India Internet & Ecommerce ETF (INQQ) is an exchange-traded fund that is based on the INQQ The India Internet & Ecommerce index. The fund tracks an index of companies centered around the internet and e-commerce technology in India. Securities are selected and weighted by market-cap. INQQ was launched on Apr 6, 2022 and is managed by India.
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