iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) Sees Unusually-High Trading Volume – What’s Next?

iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) shares saw an uptick in trading volume on Monday . 973,774 shares were traded during trading, an increase of 52% from the previous session’s volume of 639,415 shares.The stock last traded at $38.0640 and had previously closed at $38.28.

iShares MSCI Saudi Arabia ETF Stock Down 0.3%

The company has a market cap of $707.87 million, a P/E ratio of 15.67 and a beta of 0.46. The company has a 50 day moving average price of $39.71 and a 200-day moving average price of $38.67.

Institutional Trading of iShares MSCI Saudi Arabia ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in KSA. Blair William & Co. IL acquired a new stake in shares of iShares MSCI Saudi Arabia ETF in the 2nd quarter worth approximately $37,000. Geneos Wealth Management Inc. bought a new stake in iShares MSCI Saudi Arabia ETF during the first quarter worth approximately $41,000. Gordian Capital Singapore Pte Ltd bought a new stake in iShares MSCI Saudi Arabia ETF during the third quarter worth approximately $69,000. Triumph Capital Management acquired a new stake in iShares MSCI Saudi Arabia ETF in the third quarter worth approximately $70,000. Finally, National Bank of Canada FI bought a new position in iShares MSCI Saudi Arabia ETF during the 1st quarter valued at $115,000.

About iShares MSCI Saudi Arabia ETF

The iShares MSCI Saudi Arabia ETF (KSA) is an exchange-traded fund that is based on the MSCI Saudi Arabia IMI 25-50 index, a market-cap-weighted index of Saudi Arabian firms covering 99% of the market cap spectrum. KSA was launched on Sep 16, 2015 and is managed by BlackRock.