iShares India 50 ETF (NASDAQ:INDY) Sees Strong Trading Volume – Time to Buy?

Shares of iShares India 50 ETF (NASDAQ:INDY) saw unusually-high trading volume on Friday . Approximately 120,191 shares traded hands during mid-day trading, an increase of 59% from the previous session’s volume of 75,812 shares.The stock last traded at $49.72 and had previously closed at $49.86.

iShares India 50 ETF Stock Down 0.4 %

The company has a market capitalization of $886.25 million, a P/E ratio of 25.20 and a beta of 0.70. The company’s 50-day moving average is $51.65 and its two-hundred day moving average is $53.44.

iShares India 50 ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.0801 per share. The ex-dividend date was Tuesday, December 17th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MML Investors Services LLC raised its position in iShares India 50 ETF by 5.0% during the third quarter. MML Investors Services LLC now owns 30,299 shares of the company’s stock valued at $1,706,000 after purchasing an additional 1,449 shares in the last quarter. Creative Planning raised its holdings in shares of iShares India 50 ETF by 8.5% during the 3rd quarter. Creative Planning now owns 24,732 shares of the company’s stock valued at $1,392,000 after buying an additional 1,929 shares in the last quarter. Clarity Capital Partners LLC lifted its position in iShares India 50 ETF by 10.4% in the 3rd quarter. Clarity Capital Partners LLC now owns 23,725 shares of the company’s stock worth $1,336,000 after buying an additional 2,228 shares during the last quarter. Atom Investors LP boosted its stake in iShares India 50 ETF by 40.9% in the third quarter. Atom Investors LP now owns 16,063 shares of the company’s stock worth $904,000 after buying an additional 4,665 shares in the last quarter. Finally, Clear Creek Financial Management LLC bought a new position in iShares India 50 ETF during the fourth quarter valued at approximately $664,000.

About iShares India 50 ETF

iShares India 50 ETF, formerly iShares S&P India Nifty 50 Index Fund, seeks investment results that correspond generally to the price and yield performance of the S&P CNX Nifty Index (the Index). The Index measures the equity performance of the top 50 companies by market capitalization that trade in the Indian market.