Vident International Equity Strategy ETF (NYSEARCA:VIDI) Shares Down 0.7% – Here’s Why

Shares of Vident International Equity Strategy ETF (NYSEARCA:VIDI) were down 0.7% during trading on Monday . The stock traded as low as $32.96 and last traded at $33.05. Approximately 18,591 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 23,365 shares. The stock had previously closed at $33.27.

Vident International Equity Strategy ETF Trading Down 0.1%

The stock’s 50-day moving average price is $32.46 and its two-hundred day moving average price is $30.68. The stock has a market capitalization of $386.33 million, a P/E ratio of 9.79 and a beta of 0.82.

Hedge Funds Weigh In On Vident International Equity Strategy ETF

Several institutional investors and hedge funds have recently bought and sold shares of VIDI. Strategic Blueprint LLC bought a new stake in shares of Vident International Equity Strategy ETF in the second quarter valued at $587,000. Jones Financial Companies Lllp increased its holdings in Vident International Equity Strategy ETF by 27.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 21,363 shares of the company’s stock worth $680,000 after acquiring an additional 4,636 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in Vident International Equity Strategy ETF in the 1st quarter valued at about $3,594,000.

Vident International Equity Strategy ETF Company Profile

The Vident International Equity Fund (VIDI) is an exchange-traded fund that is based on the Vident Core International Equity index. The fund tracks an index of companies from both developed and emerging markets, ex-US. The fund selects and weights its constituents in a tiered structure based on various risk and fundamental measures.