India Internet ETF (NYSEARCA:INQQ) Stock Falls 1.4% – Here’s What Happened

India Internet ETF (NYSEARCA:INQQ)’s stock price traded down 1.4% during trading on Thursday. The stock traded as low as $12.74 and last traded at $12.75. 25,256 shares were traded during trading, a decline of 8% from the average session volume of 27,402 shares. The stock had previously closed at $12.93.

India Internet ETF Price Performance

The stock’s 50 day simple moving average is $13.64 and its two-hundred day simple moving average is $12.87. The firm has a market cap of $41.25 million, a P/E ratio of 57.79 and a beta of 0.67.

Institutional Trading of India Internet ETF

An institutional investor recently raised its stake in India Internet ETF stock. Royal Bank of Canada raised its position in India Internet ETF (NYSEARCA:INQQ) by 3.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,507 shares of the company’s stock after purchasing an additional 1,474 shares during the quarter. Royal Bank of Canada owned 1.37% of India Internet ETF worth $576,000 as of its most recent SEC filing.

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.