JAKOTA K-Pop and Korean Entertainment ETF (NYSEARCA:KPOP) Trading 1.3% Higher – Here’s Why

JAKOTA K-Pop and Korean Entertainment ETF (NYSEARCA:KPOP)’s stock price shot up 1.3% during mid-day trading on Tuesday . The company traded as high as $15.35 and last traded at $15.35. 154 shares changed hands during trading, a decline of 79% from the average session volume of 746 shares. The stock had previously closed at $15.15.

JAKOTA K-Pop and Korean Entertainment ETF Stock Up 1.3 %

The company has a market cap of $1.54 million, a P/E ratio of 19.24 and a beta of 1.37. The business has a fifty day moving average price of $13.44 and a 200-day moving average price of $13.29.

Institutional Investors Weigh In On JAKOTA K-Pop and Korean Entertainment ETF

An institutional investor recently raised its position in JAKOTA K-Pop and Korean Entertainment ETF stock. OLD Mission Capital LLC lifted its stake in JAKOTA K-Pop and Korean Entertainment ETF (NYSEARCA:KPOP) by 7.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,298 shares of the company’s stock after buying an additional 893 shares during the period. OLD Mission Capital LLC owned approximately 7.23% of JAKOTA K-Pop and Korean Entertainment ETF worth $152,000 as of its most recent filing with the Securities and Exchange Commission.

JAKOTA K-Pop and Korean Entertainment ETF Company Profile

The KPOP and Korean Entertainment ETF (KPOP) is an exchange-traded fund that is based on the KPOP index. The fund tracks a market cap-weighted index of Korea-listed stocks that are engaged in the entertainment and interactive media & services industries. KPOP was launched on Aug 31, 2022 and is managed by KP Funds.