iShares MSCI Indonesia ETF (NYSEARCA:EIDO – Get Free Report)’s share price shot up 0.6% on Monday . The company traded as high as $12.83 and last traded at $12.73. Approximately 581,249 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 1,115,253 shares. The stock had previously closed at $12.66.
iShares MSCI Indonesia ETF Trading Up 0.6%
The firm’s 50 day simple moving average is $12.27 and its 200-day simple moving average is $14.10. The stock has a market capitalization of $493.92 million, a price-to-earnings ratio of 11.90 and a beta of 0.31.
Hedge Funds Weigh In On iShares MSCI Indonesia ETF
Hedge funds have recently modified their holdings of the stock. Clearstead Trust LLC acquired a new stake in shares of iShares MSCI Indonesia ETF in the second quarter valued at about $200,000. Main Management LLC bought a new stake in iShares MSCI Indonesia ETF during the fourth quarter worth about $43,000. Group One Trading LLC acquired a new position in iShares MSCI Indonesia ETF during the third quarter valued at approximately $70,000. Investors Research Corp acquired a new position in iShares MSCI Indonesia ETF during the second quarter valued at approximately $50,000. Finally, Symphony Financial Ltd. Co. bought a new position in iShares MSCI Indonesia ETF in the second quarter valued at approximately $60,000.
About iShares MSCI Indonesia ETF
The iShares MSCI Indonesia ETF (EIDO) is an exchange-traded fund that is based on the MSCI Indonesia IMI 25-50 index, a market-cap-weighted index of large-, mid and small-cap Indonesian companies. EIDO was launched on May 5, 2010 and is managed by BlackRock.
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