MSCI Kokusai Equity ETF (NYSEARCA:KOKU) Sees Strong Trading Volume – Still a Buy?

MSCI Kokusai Equity ETF (NYSEARCA:KOKU) saw an uptick in trading volume on Tuesday . 322 shares traded hands during mid-day trading, an increase of 128% from the previous session’s volume of 141 shares.The stock last traded at $104.42 and had previously closed at $104.69.

MSCI Kokusai Equity ETF Trading Down 0.3 %

The company has a market cap of $642.15 million, a price-to-earnings ratio of 22.56 and a beta of 0.96. The stock’s 50 day moving average price is $102.88 and its 200 day moving average price is $100.56.

Hedge Funds Weigh In On MSCI Kokusai Equity ETF

An institutional investor recently raised its position in MSCI Kokusai Equity ETF stock. Flow Traders U.S. LLC lifted its position in shares of MSCI Kokusai Equity ETF (NYSEARCA:KOKU) by 25.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,942 shares of the company’s stock after purchasing an additional 800 shares during the quarter. Flow Traders U.S. LLC owned about 0.06% of MSCI Kokusai Equity ETF worth $397,000 as of its most recent filing with the SEC.

About MSCI Kokusai Equity ETF

The Xtrackers MSCI Kokusai Equity ETF (KOKU) is an exchange-traded fund that is based on the MSCI Kokusai (World ex Japan) index. The fund tracks a market cap-weighted index of large- and mid-cap developed market stocks outside of Japan. KOKU was launched on Apr 8, 2020 and is managed by Xtrackers.