India Internet ETF (NYSEARCA:INQQ) Stock Price Down 0.2% – Here’s Why

India Internet ETF (NYSEARCA:INQQ)’s stock price was down 0.2% during trading on Friday . The stock traded as low as $15.46 and last traded at $15.60. Approximately 10,840 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 30,837 shares. The stock had previously closed at $15.63.

India Internet ETF Stock Down 0.2%

The stock has a fifty day moving average of $15.89 and a 200-day moving average of $16.05. The stock has a market capitalization of $61.00 million, a PE ratio of 57.79 and a beta of 0.60.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Symmetry Partners LLC increased its holdings in shares of India Internet ETF by 8.6% in the 2nd quarter. Symmetry Partners LLC now owns 11,045 shares of the company’s stock valued at $183,000 after purchasing an additional 875 shares in the last quarter. Sheets Smith Wealth Management grew its position in India Internet ETF by 3.2% during the third quarter. Sheets Smith Wealth Management now owns 28,814 shares of the company’s stock worth $449,000 after buying an additional 904 shares during the period. Ausdal Financial Partners Inc. grew its position in India Internet ETF by 2.8% during the third quarter. Ausdal Financial Partners Inc. now owns 36,281 shares of the company’s stock worth $566,000 after buying an additional 992 shares during the period. Osaic Holdings Inc. increased its holdings in 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 buying an additional 1,130 shares in the last quarter. Finally, Prosperity Financial Group Inc. lifted its position in shares of India Internet ETF by 3.2% during the 3rd quarter. Prosperity Financial Group Inc. now owns 39,388 shares of the company’s stock valued at $614,000 after acquiring an additional 1,211 shares during the period.

About India Internet ETF

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.