iShares MSCI India Small-Cap ETF (BATS:SMIN) Reaches New 12-Month Low – Here’s What Happened

Shares of iShares MSCI India Small-Cap ETF (BATS:SMIN) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $61.08 and last traded at $61.13, with a volume of 121347 shares changing hands. The stock had previously closed at $61.62.

iShares MSCI India Small-Cap ETF Price Performance

The stock has a market cap of $725.78 million, a price-to-earnings ratio of 26.27 and a beta of 0.48. The business’s fifty day simple moving average is $65.74 and its 200 day simple moving average is $70.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Alliancebernstein L.P. grew its position in shares of iShares MSCI India Small-Cap ETF by 10.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,046,059 shares of the company’s stock valued at $80,735,000 after buying an additional 100,813 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in iShares MSCI India Small-Cap ETF by 69.6% in the first quarter. Goldman Sachs Group Inc. now owns 684,319 shares of the company’s stock worth $46,595,000 after acquiring an additional 280,891 shares during the last quarter. Hillsdale Investment Management Inc. lifted its holdings in iShares MSCI India Small-Cap ETF by 42.0% in the third quarter. Hillsdale Investment Management Inc. now owns 497,118 shares of the company’s stock worth $35,653,000 after acquiring an additional 147,000 shares during the last quarter. Bank of America Corp DE boosted its stake in iShares MSCI India Small-Cap ETF by 10.5% in the second quarter. Bank of America Corp DE now owns 426,810 shares of the company’s stock valued at $32,941,000 after acquiring an additional 40,549 shares during the period. Finally, Causeway Capital Management LLC boosted its stake in iShares MSCI India Small-Cap ETF by 168.2% in the third quarter. Causeway Capital Management LLC now owns 367,520 shares of the company’s stock valued at $26,359,000 after acquiring an additional 230,512 shares during the period.

iShares MSCI India Small-Cap ETF Company Profile

The iShares MSCI India Small-Cap ETF (SMIN) is an exchange-traded fund that is based on the MSCI India Small Cap index, a market-cap-weighted index of the bottom 14% of companies traded on Indian stock markets. SMIN was launched on Feb 8, 2012 and is managed by BlackRock.