Xtrackers MSCI Kokusai Equity ETF (NYSEARCA:KOKU) Reaches New 52-Week High – Still a Buy?

Xtrackers MSCI Kokusai Equity ETF (NYSEARCA:KOKU) shares reached a new 52-week high on Wednesday . The stock traded as high as $121.15 and last traded at $120.87, with a volume of 1192 shares. The stock had previously closed at $120.32.

Xtrackers MSCI Kokusai Equity ETF Stock Performance

The firm’s fifty day simple moving average is $118.65 and its 200 day simple moving average is $114.59. The stock has a market capitalization of $712.83 million, a P/E ratio of 23.23 and a beta of 0.99.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Xtrackers MSCI Kokusai Equity ETF stock. Flow Traders U.S. LLC raised its holdings in Xtrackers MSCI Kokusai Equity ETF (NYSEARCA:KOKU) by 7.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,264 shares of the company’s stock after purchasing an additional 1,234 shares during the quarter. Flow Traders U.S. LLC owned 0.31% of Xtrackers MSCI Kokusai Equity ETF worth $2,131,000 as of its most recent SEC filing.

About Xtrackers MSCI Kokusai Equity ETF

The Xtrackers MSCI Kokusai Equity ETF (KOKU) is an exchange-traded fund that is based on the MSCI Kokusai (World ex Japan) index. The fund tracks a market cap-weighted index of large- and mid-cap developed market stocks outside of Japan. KOKU was launched on Apr 8, 2020 and is managed by Xtrackers.