VanEck Indonesia Index ETF (NYSEARCA:IDX) Trading Up 1.4% – Should You Buy?

VanEck Indonesia Index ETF (NYSEARCA:IDX) shot up 1.4% on Tuesday . The stock traded as high as $10.64 and last traded at $10.48. Approximately 78,742 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 90,981 shares. The stock had previously closed at $10.34.

VanEck Indonesia Index ETF Stock Performance

The business has a 50 day moving average of $11.19 and a 200-day moving average of $13.87. The company has a market capitalization of $28.87 million, a P/E ratio of 11.41 and a beta of 0.32.

Institutional Investors Weigh In On VanEck Indonesia Index ETF

Several hedge funds and other institutional investors have recently modified their holdings of IDX. Militia Capital Management LLC bought a new position in shares of VanEck Indonesia Index ETF in the first quarter valued at approximately $402,000. Royal Bank of Canada increased its holdings in VanEck Indonesia Index ETF by 96.1% during the 1st quarter. Royal Bank of Canada now owns 3,963 shares of the company’s stock worth $55,000 after acquiring an additional 1,942 shares during the period. Ascent Advisors LLC purchased a new stake in VanEck Indonesia Index ETF in the 1st quarter worth approximately $658,000. OLD Mission Capital LLC lifted its stake in VanEck Indonesia Index ETF by 157.0% in the 4th quarter. OLD Mission Capital LLC now owns 338,821 shares of the company’s stock worth $5,594,000 after purchasing an additional 207,001 shares in the last quarter. Finally, Cetera Investment Advisers bought a new position in VanEck Indonesia Index ETF in the 4th quarter valued at $853,000.

About VanEck Indonesia Index ETF

The Market Vectors Indonesia Index ETF (IDX) seeks, before fees and expenses, the price and yield performance of the Market Vectors Indonesia Index (the Index). The Index provides exposure to publicly traded companies that are domiciled and primarily listed in Indonesia, or that generate at least 50% of their revenues in Indonesia. The Index is the property of Market Vectors Index Solutions GmbH, which has contracted with Structured Solutions AG to maintain and calculate the Index.