VanEck Israel ETF (NYSEARCA:ISRA) Stock Price Down 2.4% – Time to Sell?

VanEck Israel ETF (NYSEARCA:ISRA)’s share price dropped 2.4% during mid-day trading on Wednesday . The company traded as low as $43.44 and last traded at $43.49. Approximately 4,578 shares changed hands during mid-day trading, an increase of 9% from the average daily volume of 4,183 shares. The stock had previously closed at $44.57.

VanEck Israel ETF Stock Up 1.0 %

The company has a market cap of $85.62 million, a PE ratio of 8.54 and a beta of 1.12. The company’s fifty day moving average is $41.61 and its 200-day moving average is $38.69.

Institutional Investors Weigh In On VanEck Israel ETF

An institutional investor recently raised its position in VanEck Israel ETF stock. Syntrinsic LLC boosted its position in shares of VanEck Israel ETF (NYSEARCA:ISRA) by 4.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,274 shares of the company’s stock after buying an additional 3,646 shares during the period. VanEck Israel ETF makes up about 0.9% of Syntrinsic LLC’s portfolio, making the stock its 12th biggest holding. Syntrinsic LLC owned about 4.01% of VanEck Israel ETF worth $2,808,000 at the end of the most recent reporting period.

About VanEck Israel ETF

The VanEck Israel ETF (ISRA) is an exchange-traded fund that is based on the BlueStar Israel Global index. The fund tracks a cap-weighted, committee-reviewed index of Israeli and Israeli-linked companies. ISRA was launched on Jun 25, 2013 and is managed by VanEck.