WisdomTree India Earnings Fund (NYSEARCA:EPI) Sees Unusually-High Trading Volume – Still a Buy?

WisdomTree India Earnings Fund (NYSEARCA:EPI) shares saw unusually-strong trading volume on Monday . Approximately 2,197,844 shares were traded during trading, an increase of 168% from the previous session’s volume of 819,557 shares.The stock last traded at $45.8210 and had previously closed at $44.78.

WisdomTree India Earnings Fund Stock Performance

The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 18.68 and a beta of 0.49. The firm’s 50-day simple moving average is $45.55 and its 200-day simple moving average is $45.42.

Hedge Funds Weigh In On WisdomTree India Earnings Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. North Capital Inc. bought a new stake in shares of WisdomTree India Earnings Fund in the 2nd quarter worth approximately $36,000. Advisory Services Network LLC bought a new position in WisdomTree India Earnings Fund in the third quarter worth $48,000. Farther Finance Advisors LLC boosted its stake in WisdomTree India Earnings Fund by 120.7% during the third quarter. Farther Finance Advisors LLC now owns 1,225 shares of the exchange traded fund’s stock worth $54,000 after buying an additional 670 shares in the last quarter. Turning Point Benefit Group Inc. acquired a new stake in WisdomTree India Earnings Fund during the third quarter worth $57,000. Finally, MAI Capital Management increased its holdings in WisdomTree India Earnings Fund by 616.5% in the 3rd quarter. MAI Capital Management now owns 1,433 shares of the exchange traded fund’s stock valued at $63,000 after buying an additional 1,233 shares during the period.

WisdomTree India Earnings Fund Company Profile

WisdomTree India Earnings Fund (The Fund) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree India Earnings Index. The Index measures the performance of profitable companies incorporated and traded in India that are eligible to be purchased by foreign investors and that meet specific criteria developed by WisdomTree Investments.