Range India Financials ETF (NYSEARCA:INDF) Trading Down 17.5% – What’s Next?

Range India Financials ETF (NYSEARCA:INDF) traded down 17.5% on Friday . The company traded as low as $31.00 and last traded at $31.1750. 45,387 shares changed hands during mid-day trading, an increase of 1,037% from the average session volume of 3,993 shares. The stock had previously closed at $37.81.

Range India Financials ETF Price Performance

The company has a market capitalization of $9.35 million, a price-to-earnings ratio of 19.06 and a beta of 0.71. The firm has a fifty day simple moving average of $31.17 and a 200 day simple moving average of $34.11.

Hedge Funds Weigh In On Range India Financials ETF

An institutional investor recently raised its position in Range India Financials ETF stock. OLD Mission Capital LLC lifted its stake in shares of Range India Financials ETF (NYSEARCA:INDF) by 26.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,743 shares of the company’s stock after purchasing an additional 1,598 shares during the period. OLD Mission Capital LLC owned about 2.82% of Range India Financials ETF worth $286,000 as of its most recent filing with the Securities & Exchange Commission.

About Range India Financials ETF

The Nifty India Financials ETF (INDF) is an exchange-traded fund that is based on the Nifty Financial Services 25\u002F50 index. The fund is passively managed to select the top 20 Indian financial services companies by market capitalization. INDF was launched on Oct 21, 2020 and is managed by Nifty.