India Internet ETF (NYSEARCA:INQQ) Stock Price Down 1.5% – What’s Next?

India Internet ETF (NYSEARCA:INQQ) fell 1.5% during mid-day trading on Tuesday . The stock traded as low as $12.15 and last traded at $12.46. 41,035 shares were traded during mid-day trading, an increase of 9% from the average session volume of 37,669 shares. The stock had previously closed at $12.65.

India Internet ETF Stock Performance

The business has a 50-day simple moving average of $13.98 and a 200 day simple moving average of $15.18. The firm has a market cap of $46.97 million, a P/E ratio of 57.79 and a beta of 0.60.

India Internet ETF Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were issued a dividend of $0.3283 per share. This represents a dividend yield of 223.0%. The ex-dividend date was Tuesday, December 30th.

Institutional Trading of India Internet ETF

Several large investors have recently added to or reduced their stakes in the stock. MAI Capital Management bought a new position in India Internet ETF in the 2nd quarter worth $51,000. Raymond James Financial Inc. bought a new stake in shares of India Internet ETF during the 2nd quarter valued at about $81,000. Osaic Holdings Inc. increased its position in shares of India Internet ETF by 21.5% during the second quarter. Osaic Holdings Inc. now owns 6,382 shares of the company’s stock valued at $106,000 after buying an additional 1,130 shares during the period. Susquehanna International Group LLP purchased a new stake in India Internet ETF in the third quarter worth about $163,000. Finally, Envestnet Asset Management Inc. purchased a new stake in India Internet ETF in the third quarter worth about $231,000.

About India Internet ETF

The India Internet & Ecommerce ETF (INQQ) is an exchange-traded fund that is based on the INQQ The India Internet & Ecommerce index. The fund tracks an index of companies centered around the internet and e-commerce technology in India. Securities are selected and weighted by market-cap. INQQ was launched on Apr 6, 2022 and is managed by India.