iShares MSCI India Small-Cap ETF (BATS:SMIN) Hits New 52-Week High – Here’s Why

iShares MSCI India Small-Cap ETF (BATS:SMIN) shares hit a new 52-week high on Monday . The stock traded as high as $83.83 and last traded at $83.59, with a volume of 130247 shares changing hands. The stock had previously closed at $84.56.

iShares MSCI India Small-Cap ETF Stock Up 0.9 %

The business’s 50-day simple moving average is $84.53 and its 200-day simple moving average is $80.38. The stock has a market cap of $985.44 million, a PE ratio of 28.28 and a beta of 0.46.

Institutional Trading of iShares MSCI India Small-Cap ETF

Hedge funds have recently made changes to their positions in the company. Brookstone Capital Management bought a new stake in shares of iShares MSCI India Small-Cap ETF in the second quarter worth $338,000. Renaissance Technologies LLC lifted its position in shares of iShares MSCI India Small-Cap ETF by 1,202.3% in the 2nd quarter. Renaissance Technologies LLC now owns 56,000 shares of the company’s stock worth $4,529,000 after purchasing an additional 51,700 shares during the period. Bryn Mawr Capital Management LLC grew its holdings in iShares MSCI India Small-Cap ETF by 659.0% during the 2nd quarter. Bryn Mawr Capital Management LLC now owns 9,814 shares of the company’s stock worth $792,000 after acquiring an additional 8,521 shares during the period. Susquehanna International Group Ltd. raised its position in shares of iShares MSCI India Small-Cap ETF by 60.1% in the 2nd quarter. Susquehanna International Group Ltd. now owns 52,046 shares of the company’s stock worth $4,209,000 after acquiring an additional 19,533 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of iShares MSCI India Small-Cap ETF by 50.3% during the 2nd quarter. National Bank of Canada FI now owns 1,181 shares of the company’s stock worth $96,000 after buying an additional 395 shares in the last quarter.

About iShares MSCI India Small-Cap ETF

The iShares MSCI India Small-Cap ETF (SMIN) is an exchange-traded fund that is based on the MSCI India Small Cap index, a market-cap-weighted index of the bottom 14% of companies traded on Indian stock markets. SMIN was launched on Feb 8, 2012 and is managed by BlackRock.