India Internet ETF (NYSEARCA:INQQ) Trading Down 0.3% – Time to Sell?

India Internet ETF (NYSEARCA:INQQ) was down 0.3% on Tuesday . The stock traded as low as $15.19 and last traded at $15.25. Approximately 9,412 shares changed hands during trading, a decline of 70% from the average daily volume of 31,276 shares. The stock had previously closed at $15.29.

India Internet ETF Stock Up 0.1%

The stock has a fifty day moving average of $15.64 and a 200-day moving average of $15.96. The stock has a market capitalization of $59.71 million, a price-to-earnings ratio of 57.79 and a beta of 0.60.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. MAI Capital Management purchased a new stake in India Internet ETF in the second quarter valued at $51,000. Raymond James Financial Inc. acquired a new stake in shares of India Internet ETF in the second quarter valued at approximately $81,000. Osaic Holdings Inc. boosted its holdings in shares of India Internet ETF by 21.5% in the second quarter. Osaic Holdings Inc. now owns 6,382 shares of the company’s stock valued at $106,000 after acquiring an additional 1,130 shares during the period. Susquehanna International Group LLP purchased a new position in shares of India Internet ETF during the third quarter worth approximately $163,000. Finally, Daymark Wealth Partners LLC acquired a new stake in India Internet ETF during the 2nd quarter worth $168,000.

India Internet ETF Company Profile

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.