India Internet ETF (NYSEARCA:INQQ) Trading 2.5% Higher – What’s Next?

Shares of India Internet ETF (NYSEARCA:INQQ) shot up 2.5% during trading on Monday . The stock traded as high as $13.69 and last traded at $13.69. 46,212 shares changed hands during trading, an increase of 44% from the average daily volume of 31,995 shares. The stock had previously closed at $13.36.

India Internet ETF Stock Performance

The business’s fifty day moving average price is $12.74 and its two-hundred day moving average price is $12.77. The firm has a market capitalization of $44.93 million, a P/E ratio of 57.79 and a beta of 0.66.

Institutional Investors Weigh In On India Internet ETF

Several institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of India Internet ETF during the second quarter worth $81,000. Osaic Holdings Inc. boosted its position in shares of India Internet ETF by 21.5% in the 2nd quarter. Osaic Holdings Inc. now owns 6,382 shares of the company’s stock worth $106,000 after purchasing an additional 1,130 shares in the last quarter. Susquehanna International Group LLP purchased a new position in India Internet ETF during the 3rd quarter worth $163,000. Envestnet Asset Management Inc. purchased a new position in India Internet ETF during the 3rd quarter worth $231,000. Finally, Quantify Chaos Advisors LLC acquired a new position in India Internet ETF during the 4th quarter valued at about $237,000.

India Internet ETF Company Profile

The India Internet & Ecommerce ETF (INQQ) is an exchange-traded fund that is based on the INQQ The India Internet & Ecommerce index. The fund tracks an index of companies centered around the internet and e-commerce technology in India. Securities are selected and weighted by market-cap. INQQ was launched on Apr 6, 2022 and is managed by India.