VanEck Indonesia Index ETF (NYSEARCA:IDX) Trading 2.6% Higher – Should You Buy?

VanEck Indonesia Index ETF (NYSEARCA:IDX)’s stock price traded up 2.6% on Thursday . The stock traded as high as $10.96 and last traded at $10.89. Approximately 20,726 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 88,819 shares. The stock had previously closed at $10.61.

VanEck Indonesia Index ETF Price Performance

The firm’s fifty day moving average is $10.63 and its 200-day moving average is $13.18. The stock has a market capitalization of $35.39 million, a PE ratio of 11.41 and a beta of 0.32.

Hedge Funds Weigh In On VanEck Indonesia Index ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its holdings in shares of VanEck Indonesia Index ETF by 691.5% in the fourth quarter. Jane Street Group LLC now owns 476,502 shares of the company’s stock valued at $7,867,000 after buying an additional 416,300 shares during the period. OLD Mission Capital LLC raised its position in VanEck Indonesia Index ETF by 157.0% in the fourth quarter. OLD Mission Capital LLC now owns 338,821 shares of the company’s stock worth $5,594,000 after acquiring an additional 207,001 shares in the last quarter. Cetera Investment Advisers acquired a new stake in VanEck Indonesia Index ETF in the 4th quarter valued at about $853,000. Ascent Advisors LLC acquired a new stake in VanEck Indonesia Index ETF in the 1st quarter valued at about $658,000. Finally, Foundations Investment Advisors LLC bought a new position in shares of VanEck Indonesia Index ETF during the 4th quarter valued at about $848,000.

VanEck Indonesia Index ETF Company Profile

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.