VanEck Indonesia Index ETF (NYSEARCA:IDX) Stock Price Up 0.5% – Here’s Why

VanEck Indonesia Index ETF (NYSEARCA:IDX)’s share price traded up 0.5% during trading on Wednesday. The stock traded as high as $11.22 and last traded at $11.13. 16,462 shares were traded during trading, a decline of 78% from the average daily volume of 75,923 shares. The stock had previously closed at $11.08.

VanEck Indonesia Index ETF Price Performance

The company has a market cap of $35.59 million, a P/E ratio of 11.41 and a beta of 0.32. The stock’s 50-day moving average is $11.33 and its two-hundred day moving average is $11.89.

Hedge Funds Weigh In On VanEck Indonesia Index ETF

Several large investors have recently made changes to their positions in IDX. Royal Bank of Canada boosted its holdings in shares of VanEck Indonesia Index ETF by 96.1% during the 1st quarter. Royal Bank of Canada now owns 3,963 shares of the company’s stock valued at $55,000 after purchasing an additional 1,942 shares during the last quarter. Militia Capital Management LLC bought a new stake in VanEck Indonesia Index ETF in the first quarter worth $402,000. Ascent Advisors LLC purchased a new stake in VanEck Indonesia Index ETF during the first quarter valued at approximately $658,000. Finally, Foundations Investment Advisors LLC purchased a new position in shares of VanEck Indonesia Index ETF in the 4th quarter worth approximately $848,000.

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. The Index is the property of Market Vectors Index Solutions GmbH, which has contracted with Structured Solutions AG to maintain and calculate the Index.