VanEck Indonesia Index ETF (NYSEARCA:IDX) Shares Down 0.2% – Here’s What Happened

Shares of VanEck Indonesia Index ETF (NYSEARCA:IDX) were down 0.2% during mid-day trading on Thursday . The company traded as low as $16.58 and last traded at $16.62. Approximately 2,805 shares changed hands during trading, a decline of 89% from the average daily volume of 25,534 shares. The stock had previously closed at $16.65.

VanEck Indonesia Index ETF Price Performance

The stock has a market capitalization of $37.69 million, a P/E ratio of 11.41 and a beta of 0.48. The stock has a fifty day moving average price of $16.13 and a 200 day moving average price of $15.27.

Hedge Funds Weigh In On VanEck Indonesia Index ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. boosted its holdings in VanEck Indonesia Index ETF by 32.9% in the 1st quarter. SBI Securities Co. Ltd. now owns 3,860 shares of the company’s stock worth $48,000 after buying an additional 956 shares during the period. Kovitz Investment Group Partners LLC bought a new position in shares of VanEck Indonesia Index ETF during the 1st quarter valued at approximately $949,000. Finally, Jane Street Group LLC purchased a new stake in VanEck Indonesia Index ETF during the second quarter valued at $1,167,000.

About VanEck Indonesia Index ETF

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.