VanEck Indonesia Index ETF (NYSEARCA:IDX) Trading Up 2.5% – Still a Buy?

VanEck Indonesia Index ETF (NYSEARCA:IDX) was up 2.5% during mid-day trading on Tuesday . The stock traded as high as $15.61 and last traded at $15.50. Approximately 57,087 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 220,408 shares. The stock had previously closed at $15.12.

VanEck Indonesia Index ETF Price Performance

The company has a 50-day simple moving average of $16.83 and a 200-day simple moving average of $16.34. The firm has a market cap of $48.83 million, a PE ratio of 11.41 and a beta of 0.48.

Hedge Funds Weigh In On VanEck Indonesia Index ETF

Several hedge funds have recently bought and sold shares of the business. Susquehanna International Group LLP bought a new stake in shares of VanEck Indonesia Index ETF during the third quarter worth $229,000. Mutual Advisors LLC bought a new position in shares of VanEck Indonesia Index ETF in the fourth quarter worth about $451,000. Finally, Jane Street Group LLC purchased a new position in VanEck Indonesia Index ETF in the 2nd quarter worth about $1,167,000.

About VanEck Indonesia Index ETF

The Market Vectors Indonesia Index ETF (IDX) seeks, before fees and expenses, the price and yield performance of the Market Vectors Indonesia Index (the Index). The Index provides exposure to publicly traded companies that are domiciled and primarily listed in Indonesia, or that generate at least 50% of their revenues in Indonesia. The Index is the property of Market Vectors Index Solutions GmbH, which has contracted with Structured Solutions AG to maintain and calculate the Index.