Shares of India Internet ETF (NYSEARCA:INQQ – Get Free Report) were up 2.5% on Monday . The stock traded as high as $13.69 and last traded at $13.69. 46,212 shares were traded during mid-day trading, an increase of 44% from the average daily volume of 31,995 shares. The stock had previously closed at $13.36.
India Internet ETF Trading Up 2.5%
The stock has a market cap of $44.77 million, a P/E ratio of 57.79 and a beta of 0.66. The company’s 50 day moving average price is $12.71 and its two-hundred day moving average price is $12.77.
Institutional Investors Weigh In On India Internet ETF
A number of hedge funds have recently made changes to their positions in the company. Evergreen Capital Management LLC increased its holdings in shares of India Internet ETF by 29.3% in the 4th quarter. Evergreen Capital Management LLC now owns 313,174 shares of the company’s stock worth $4,610,000 after buying an additional 71,049 shares during the last quarter. Jane Street Group LLC grew its stake in India Internet ETF by 8.9% in the fourth quarter. Jane Street Group LLC now owns 132,202 shares of the company’s stock worth $1,946,000 after purchasing an additional 10,798 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of India Internet ETF by 15.7% during the fourth quarter. Cetera Investment Advisers now owns 69,212 shares of the company’s stock valued at $1,019,000 after buying an additional 9,415 shares during the period. Royal Bank of Canada increased 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 valued at $576,000 after purchasing an additional 1,474 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in India Internet ETF by 13.4% in the third quarter. Ameriprise Financial Inc. now owns 45,278 shares of the company’s stock worth $706,000 after buying an additional 5,349 shares in 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.
Further Reading
- Five stocks we like better than India Internet ETF
- SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control
- Why Rare Earth Processing Could Be the Real 2027 Opportunity
- The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure
- TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks?
Receive News & Ratings for India Internet ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for India Internet ETF and related companies with MarketBeat.com's FREE daily email newsletter.
