iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) Sees Strong Trading Volume – Should You Buy?

iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) shares saw unusually-strong trading volume on Monday . Approximately 277,578 shares were traded 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 Trading Down 2.1%

The firm has a 50-day simple moving average of $37.91 and a two-hundred day simple moving average of $38.27. The company has a market capitalization of $613.89 million, a price-to-earnings ratio of 15.67 and a beta of 0.46.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Blair William & Co. IL purchased a new stake in iShares MSCI Saudi Arabia ETF during the second quarter worth $37,000. Geneos Wealth Management Inc. acquired a new position in shares of iShares MSCI Saudi Arabia ETF in the first quarter worth about $41,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of iShares MSCI Saudi Arabia ETF during the 3rd quarter worth about $69,000. Triumph Capital Management acquired a new stake in shares of iShares MSCI Saudi Arabia ETF during the 3rd quarter valued at about $70,000. Finally, BNP Paribas Financial Markets acquired a new stake 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.