India Internet ETF (NYSEARCA:INQQ – Get Free Report) traded down 0.4% during mid-day trading on Monday . The company traded as low as $13.92 and last traded at $13.92. 13,163 shares traded hands during trading, a decline of 56% from the average session volume of 30,075 shares. The stock had previously closed at $13.98.
India Internet ETF Stock Down 0.4%
The firm has a market cap of $45.52 million, a P/E ratio of 57.79 and a beta of 0.66. The firm’s 50-day simple moving average is $13.21 and its 200 day simple moving average is $12.77.
Institutional Investors Weigh In On India Internet ETF
A number of hedge funds have recently modified their holdings of the stock. Ausdal Financial Partners Inc. increased its holdings in India Internet ETF by 2.8% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 36,281 shares of the company’s stock worth $566,000 after acquiring an additional 992 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in India Internet ETF by 21.5% during the second quarter. Osaic Holdings Inc. now owns 6,382 shares of the company’s stock valued at $106,000 after purchasing an additional 1,130 shares during the last quarter. Prosperity Financial Group Inc. boosted its position in India Internet ETF by 3.2% during the third quarter. Prosperity Financial Group Inc. now owns 39,388 shares of the company’s stock worth $614,000 after purchasing an additional 1,211 shares during the period. Royal Bank of Canada boosted its position in India Internet ETF by 3.1% during the first quarter. Royal Bank of Canada now owns 49,507 shares of the company’s stock worth $576,000 after purchasing an additional 1,474 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in India Internet ETF by 6.1% during the second quarter. Ameriprise Financial Inc. now owns 39,929 shares of the company’s stock worth $663,000 after purchasing an additional 2,304 shares during the period.
About India Internet ETF
The India Internet & Ecommerce ETF (INQQ) is an exchange-traded fund that is based on the INQQ The India Internet & Ecommerce index. The fund tracks an index of companies centered around the internet and e-commerce technology in India. Securities are selected and weighted by market-cap. INQQ was launched on Apr 6, 2022 and is managed by India.
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