India Internet ETF (NYSEARCA:INQQ) Stock Falls 2.7% – What’s Next?

India Internet ETF (NYSEARCA:INQQ) shares traded down 2.7% on Friday. The company traded as low as $12.44 and last traded at $12.46. 4,712 shares changed hands during trading, a decline of 82% from the average session volume of 26,421 shares. The stock had previously closed at $12.81.

India Internet ETF Price Performance

The stock has a market cap of $35.88 million, a PE ratio of 57.79 and a beta of 0.67. The business has a fifty day moving average of $13.46 and a 200-day moving average of $12.99.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Advisory Services LLC increased its position in shares of India Internet ETF by 290.9% during the second quarter. Ameritas Advisory Services LLC now owns 126,835 shares of the company’s stock worth $1,632,000 after purchasing an additional 94,390 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of India Internet ETF by 3.1% during the first quarter. Royal Bank of Canada now owns 49,507 shares of the company’s stock valued at $576,000 after buying an additional 1,474 shares during the last quarter. Finally, GK Wealth Management LLC purchased a new position in India Internet ETF in the 3rd quarter worth $25,000.

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.