VanEck Indonesia Index ETF (NYSEARCA:IDX) Trading 0.6% Higher – Still a Buy?

VanEck Indonesia Index ETF (NYSEARCA:IDX) was up 0.6% on Wednesday . The company traded as high as $11.78 and last traded at $11.76. 35,085 shares traded hands during trading, a decline of 56% from the average session volume of 80,155 shares. The stock had previously closed at $11.69.

VanEck Indonesia Index ETF Stock Performance

The firm has a fifty day simple moving average of $10.94 and a 200-day simple moving average of $12.35. The company has a market capitalization of $38.22 million, a PE ratio of 11.41 and a beta of 0.31.

Institutional Trading of VanEck Indonesia Index ETF

A number of hedge funds have recently made changes to their positions in IDX. Royal Bank of Canada raised its holdings in VanEck Indonesia Index ETF by 96.1% in the first quarter. Royal Bank of Canada now owns 3,963 shares of the company’s stock valued at $55,000 after acquiring an additional 1,942 shares in the last quarter. Copia Wealth Management acquired a new position in VanEck Indonesia Index ETF during the 4th quarter worth $72,000. Susquehanna International Group LLP acquired a new position in VanEck Indonesia Index ETF during the 3rd quarter worth $229,000. HRT Financial LP acquired a new position in VanEck Indonesia Index ETF during the 4th quarter worth $389,000. Finally, Militia Capital Management LLC bought a new stake in shares of VanEck Indonesia Index ETF in the 1st quarter worth about $402,000.

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.