India Internet ETF (NYSEARCA:INQQ) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

India Internet ETF (NYSEARCA:INQQ) passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $12.98 and traded as high as $13.10. India Internet ETF shares last traded at $13.08, with a volume of 9,734 shares.

India Internet ETF Stock Performance

The stock has a fifty day simple moving average of $13.29 and a 200-day simple moving average of $12.97. The stock has a market cap of $37.99 million, a P/E ratio of 56.80 and a beta of 0.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of INQQ. Commonwealth Equity Services LLC acquired a new stake in India Internet ETF in the 3rd quarter valued at approximately $329,000. GK Wealth Management LLC bought a new stake in India Internet ETF in the 3rd quarter valued at approximately $25,000. Ameritas Advisory Services LLC boosted its position in India Internet ETF by 290.9% during the 2nd quarter. Ameritas Advisory Services LLC now owns 126,835 shares of the company’s stock worth $1,632,000 after acquiring an additional 94,390 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in India Internet ETF by 3.1% during the 1st quarter. Royal Bank of Canada now owns 49,507 shares of the company’s stock worth $576,000 after acquiring an additional 1,474 shares during the last quarter.

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.