iShares India 50 ETF (NASDAQ:INDY) Sees Strong Trading Volume – Still a Buy?

Shares of iShares India 50 ETF (NASDAQ:INDY) saw unusually-high trading volume on Thursday . Approximately 111,829 shares changed hands during mid-day trading, an increase of 77% from the previous session’s volume of 63,242 shares.The stock last traded at $49.78 and had previously closed at $49.99.

iShares India 50 ETF Stock Down 0.4 %

The firm has a market capitalization of $893.37 million, a P/E ratio of 25.20 and a beta of 0.70. The business’s 50 day moving average is $52.07 and its two-hundred day moving average is $53.68.

iShares India 50 ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a $0.0801 dividend. The ex-dividend date was Tuesday, December 17th.

Hedge Funds Weigh In On iShares India 50 ETF

Several hedge funds have recently made changes to their positions in INDY. Pitcairn Co. acquired a new position in shares of iShares India 50 ETF in the 3rd quarter valued at $658,000. Marshall Wace LLP purchased a new stake in iShares India 50 ETF during the second quarter valued at about $317,000. Atom Investors LP increased its position in shares of iShares India 50 ETF by 40.9% in the third quarter. Atom Investors LP now owns 16,063 shares of the company’s stock worth $904,000 after acquiring an additional 4,665 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of iShares India 50 ETF during the third quarter valued at approximately $229,000. Finally, Carret Asset Management LLC purchased a new stake in shares of iShares India 50 ETF in the 3rd quarter valued at approximately $212,000.

iShares India 50 ETF Company Profile

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.