iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) Sees Unusually-High Trading Volume – Time to Buy?

Shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) saw unusually-strong trading volume on Monday . Approximately 277,578 shares changed hands during trading, an increase of 71% from the previous session’s volume of 162,525 shares.The stock last traded at $35.9350 and had previously closed at $36.77.

iShares MSCI Saudi Arabia ETF Price Performance

The business has a 50 day moving average of $37.65 and a 200 day moving average of $38.26. The firm has a market capitalization of $619.26 million, a price-to-earnings ratio of 15.67 and a beta of 0.46.

Institutional Investors Weigh In On iShares MSCI Saudi Arabia ETF

Several hedge funds have recently bought and sold shares of the company. Blair William & Co. IL acquired a new position in shares of iShares MSCI Saudi Arabia ETF in the 2nd quarter valued at $37,000. Geneos Wealth Management Inc. bought a new stake in shares of iShares MSCI Saudi Arabia ETF in the first quarter worth about $41,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of iShares MSCI Saudi Arabia ETF during the third quarter worth about $69,000. Triumph Capital Management acquired a new stake in shares of iShares MSCI Saudi Arabia ETF during the third quarter worth about $70,000. Finally, BNP Paribas Financial Markets bought a new position in shares of iShares MSCI Saudi Arabia ETF during the 2nd quarter valued at about $164,000.

About iShares MSCI Saudi Arabia ETF

The iShares MSCI Saudi Arabia ETF (KSA) is an exchange-traded fund that is based on the MSCI Saudi Arabia IMI 25-50 index, a market-cap-weighted index of Saudi Arabian firms covering 99% of the market cap spectrum. KSA was launched on Sep 16, 2015 and is managed by BlackRock.