iShares India 50 ETF (NASDAQ:INDY) Sees Unusually-High Trading Volume – Here’s Why

iShares India 50 ETF (NASDAQ:INDY) saw an uptick in trading volume on Wednesday . 165,010 shares traded hands during mid-day trading, an increase of 102% from the previous session’s volume of 81,846 shares.The stock last traded at $51.68 and had previously closed at $52.14.

iShares India 50 ETF Trading Up 0.1 %

The company has a market cap of $927.22 million, a price-to-earnings ratio of 25.20 and a beta of 0.70. The firm’s fifty day simple moving average is $54.58 and its 200 day simple moving average is $53.52.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its holdings in iShares India 50 ETF by 1.8% during the second quarter. Commonwealth Equity Services LLC now owns 19,147 shares of the company’s stock worth $1,027,000 after purchasing an additional 338 shares in the last quarter. D.A. Davidson & CO. boosted its stake in iShares India 50 ETF by 10.2% in the third quarter. D.A. Davidson & CO. now owns 4,417 shares of the company’s stock valued at $249,000 after acquiring an additional 408 shares in the last quarter. Park Place Capital Corp purchased a new position in shares of iShares India 50 ETF during the second quarter worth about $34,000. Pasadena Private Wealth LLC increased its position in shares of iShares India 50 ETF by 1.3% during the second quarter. Pasadena Private Wealth LLC now owns 56,272 shares of the company’s stock worth $3,020,000 after purchasing an additional 731 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of iShares India 50 ETF by 421.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,163 shares of the company’s stock valued at $65,000 after purchasing an additional 940 shares during the last quarter.

About iShares India 50 ETF

iShares India 50 ETF, formerly iShares S&P India Nifty 50 Index Fund, seeks investment results that correspond generally to the price and yield performance of the S&P CNX Nifty Index (the Index). The Index measures the equity performance of the top 50 companies by market capitalization that trade in the Indian market.