iShares MSCI India Small-Cap ETF (BATS:SMIN) Stock Price Down 9.4% – Should You Sell?

iShares MSCI India Small-Cap ETF (BATS:SMIN) traded down 9.4% during mid-day trading on Wednesday . The stock traded as low as $72.08 and last traded at $64.9780. 201,805 shares were traded during mid-day trading, a decline of 15% from the average session volume of 236,609 shares. The stock had previously closed at $71.69.

iShares MSCI India Small-Cap ETF Trading Down 9.4%

The firm has a market capitalization of $792.73 million, a P/E ratio of 26.27 and a beta of 0.48. The stock’s 50-day simple moving average is $70.09 and its 200-day simple moving average is $72.63.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC raised its stake in shares of iShares MSCI India Small-Cap ETF by 81.5% during the 2nd quarter. NewEdge Advisors LLC now owns 334 shares of the company’s stock worth $26,000 after purchasing an additional 150 shares during the period. Advisory Services Network LLC bought a new position in iShares MSCI India Small-Cap ETF during the third quarter valued at about $42,000. Flagship Harbor Advisors LLC purchased a new stake in iShares MSCI India Small-Cap ETF during the fourth quarter worth about $46,000. CIBC Bancorp USA Inc. bought a new stake in iShares MSCI India Small-Cap ETF in the third quarter worth about $212,000. Finally, Brighton Jones LLC bought a new stake in iShares MSCI India Small-Cap ETF in the fourth quarter worth about $245,000.

iShares MSCI India Small-Cap ETF Company Profile

The iShares MSCI India Small-Cap ETF (SMIN) is an exchange-traded fund that is based on the MSCI India Small Cap index, a market-cap-weighted index of the bottom 14% of companies traded on Indian stock markets. SMIN was launched on Feb 8, 2012 and is managed by BlackRock.