iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) saw unusually-strong trading volume on Monday . Approximately 973,774 shares traded hands during trading, an increase of 52% from the previous session’s volume of 639,415 shares.The stock last traded at $38.0640 and had previously closed at $38.28.

iShares MSCI Saudi Arabia ETF Trading Down 0.3%

The firm has a market capitalization of $707.87 million, a price-to-earnings ratio of 15.67 and a beta of 0.46. The business has a 50-day moving average price of $39.71 and a two-hundred day moving average price of $38.67.

Institutional Investors Weigh In On iShares MSCI Saudi Arabia ETF

A number of hedge funds have recently added to or reduced their stakes in KSA. Northern Trust Corp boosted its holdings in shares of iShares MSCI Saudi Arabia ETF by 1.3% during the first quarter. Northern Trust Corp now owns 1,924,800 shares of the company’s stock valued at $79,629,000 after acquiring an additional 25,400 shares during the period. Martin Currie Ltd. lifted its position in iShares MSCI Saudi Arabia ETF by 75.7% in the 2nd quarter. Martin Currie Ltd. now owns 1,395,679 shares of the company’s stock valued at $53,789,000 after purchasing an additional 601,208 shares during the last quarter. Jane Street Group LLC acquired a new position in iShares MSCI Saudi Arabia ETF during the 2nd quarter valued at about $40,351,000. Mondrian Investment Partners LTD bought a new position in iShares MSCI Saudi Arabia ETF in the 3rd quarter worth about $33,223,000. Finally, Fisher Asset Management LLC increased its stake in shares of iShares MSCI Saudi Arabia ETF by 2.7% in the third quarter. Fisher Asset Management LLC now owns 781,350 shares of the company’s stock valued at $31,707,000 after purchasing an additional 20,319 shares during the period.

About iShares MSCI Saudi Arabia ETF

The iShares MSCI Saudi Arabia ETF (KSA) is an exchange-traded fund that is based on the MSCI Saudi Arabia IMI 25-50 index, a market-cap-weighted index of Saudi Arabian firms covering 99% of the market cap spectrum. KSA was launched on Sep 16, 2015 and is managed by BlackRock.