VanEck Indonesia Index ETF (NYSEARCA:IDX) Shares Down 1.8% – What’s Next?

VanEck Indonesia Index ETF (NYSEARCA:IDX)’s stock price dropped 1.8% on Tuesday . The company traded as low as $12.78 and last traded at $12.84. Approximately 18,758 shares traded hands during trading, a decline of 26% from the average daily volume of 25,349 shares. The stock had previously closed at $13.07.

VanEck Indonesia Index ETF Price Performance

The company has a market capitalization of $24.70 million, a price-to-earnings ratio of 10.15 and a beta of 0.84. The stock’s fifty day simple moving average is $14.15 and its two-hundred day simple moving average is $16.04.

Institutional Trading of VanEck Indonesia Index ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new stake in shares of VanEck Indonesia Index ETF during the fourth quarter worth $43,000. Jane Street Group LLC raised its holdings in shares of VanEck Indonesia Index ETF by 23.2% during the third quarter. Jane Street Group LLC now owns 35,923 shares of the company’s stock worth $652,000 after purchasing an additional 6,756 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of VanEck Indonesia Index ETF in the 3rd quarter worth about $1,026,000. OLD Mission Capital LLC acquired a new stake in shares of VanEck Indonesia Index ETF in the 4th quarter worth about $876,000. Finally, Susquehanna International Group LLP bought a new stake in VanEck Indonesia Index ETF in the 4th quarter valued at about $1,767,000.

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.