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

Shares of iShares India 50 ETF (NASDAQ:INDY) saw an uptick in trading volume on Thursday . 106,541 shares were traded during mid-day trading, an increase of 24% from the previous session’s volume of 85,889 shares.The stock last traded at $48.23 and had previously closed at $48.09.

iShares India 50 ETF Stock Performance

The company has a market capitalization of $844.10 million, a price-to-earnings ratio of 21.02 and a beta of 0.70. The firm’s 50-day simple moving average is $49.63 and its 200-day simple moving average is $52.45.

iShares India 50 ETF Announces Dividend

The business 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 of this dividend was Tuesday, December 17th.

Institutional Trading of iShares India 50 ETF

Several hedge funds and other institutional investors have recently bought and sold shares of INDY. Farther Finance Advisors LLC grew its position in 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 worth $65,000 after purchasing an additional 940 shares during the last quarter. Apollon Wealth Management LLC boosted its position in shares of iShares India 50 ETF by 17.7% during the 3rd quarter. Apollon Wealth Management LLC now owns 6,794 shares of the company’s stock valued at $382,000 after acquiring an additional 1,021 shares in the last quarter. Pitcairn Co. acquired a new stake in shares of iShares India 50 ETF during the 3rd quarter valued at about $658,000. D.A. Davidson & CO. boosted its position in shares of iShares India 50 ETF by 10.2% during the 3rd 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. Finally, Atom Investors LP boosted its position in shares of iShares India 50 ETF by 40.9% during the 3rd quarter. Atom Investors LP now owns 16,063 shares of the company’s stock valued at $904,000 after acquiring an additional 4,665 shares in the last quarter.

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.