VanEck Indonesia Index ETF (NYSEARCA:IDX) Stock Price Up 0.5% – Should You Buy?

VanEck Indonesia Index ETF (NYSEARCA:IDX) shares rose 0.5% on Wednesday . The company traded as high as $13.38 and last traded at $13.30. Approximately 24,976 shares changed hands during trading, a decline of 72% from the average daily volume of 88,844 shares. The stock had previously closed at $13.23.

VanEck Indonesia Index ETF Stock Up 0.5%

The company has a market cap of $29.26 million, a price-to-earnings ratio of 11.41 and a beta of 0.37. The stock has a fifty day moving average price of $14.06 and a two-hundred day moving average price of $15.70.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Ascent Advisors LLC bought a new position in shares of VanEck Indonesia Index ETF in the first quarter worth $658,000. OLD Mission Capital LLC increased its position in shares of 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 purchasing an additional 207,001 shares during the period. Cetera Investment Advisers bought a new position in shares of VanEck Indonesia Index ETF in the fourth quarter worth $853,000. Stifel Financial Corp increased its position in shares of VanEck Indonesia Index ETF by 2.4% in the fourth quarter. Stifel Financial Corp now owns 105,686 shares of the company’s stock worth $1,745,000 after purchasing an additional 2,429 shares during the period. Finally, Jane Street Group LLC increased its position 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 worth $7,867,000 after purchasing an additional 416,300 shares during the period.

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.