VanEck Indonesia Index ETF (NYSEARCA:IDX) Shares Down 1.5% – Time to Sell?

VanEck Indonesia Index ETF (NYSEARCA:IDX)’s share price dropped 1.5% during trading on Monday . The company traded as low as $13.30 and last traded at $13.34. Approximately 15,304 shares were traded during trading, a decline of 86% from the average daily volume of 107,264 shares. The stock had previously closed at $13.55.

VanEck Indonesia Index ETF Stock Down 1.5%

The firm has a market cap of $29.35 million, a P/E ratio of 11.41 and a beta of 0.48. The business has a fifty day moving average of $14.86 and a 200 day moving average of $16.02.

Hedge Funds Weigh In On VanEck Indonesia Index ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of IDX. Jane Street Group LLC bought a new position in VanEck Indonesia Index ETF during the second quarter worth about $1,167,000. Susquehanna International Group LLP bought a new position in VanEck Indonesia Index ETF during the third quarter worth about $229,000. Mutual Advisors LLC bought a new position in VanEck Indonesia Index ETF during the fourth quarter worth about $451,000. Copia Wealth Management bought a new position in VanEck Indonesia Index ETF during the fourth quarter worth about $72,000. Finally, Foundations Investment Advisors LLC bought a new position in VanEck Indonesia Index ETF during the fourth quarter worth about $848,000.

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.