VanEck Indonesia Index ETF (NYSEARCA:IDX) Stock Price Up 2.6% – Still a Buy?

VanEck Indonesia Index ETF (NYSEARCA:IDX)’s share price shot up 2.6% during trading on Thursday . The stock traded as high as $10.96 and last traded at $10.89. Approximately 20,726 shares were traded during trading, a decline of 77% from the average daily volume of 88,819 shares. The stock had previously closed at $10.61.

VanEck Indonesia Index ETF Stock Up 2.6%

The company has a market cap of $35.39 million, a price-to-earnings ratio of 11.41 and a beta of 0.32. The business has a 50-day simple moving average of $10.63 and a two-hundred day simple moving average of $13.19.

Institutional Investors Weigh In On VanEck Indonesia Index ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IDX. Militia Capital Management LLC acquired a new stake in shares of VanEck Indonesia Index ETF in the first quarter worth $402,000. Royal Bank of Canada grew its position in shares of VanEck Indonesia Index ETF by 96.1% in the first 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. Ascent Advisors LLC bought a new position in shares of VanEck Indonesia Index ETF in the first quarter worth about $658,000. OLD Mission Capital LLC increased its stake in shares of VanEck Indonesia Index ETF by 157.0% in the fourth quarter. OLD Mission Capital LLC now owns 338,821 shares of the company’s stock worth $5,594,000 after purchasing an additional 207,001 shares during the period. Finally, Cetera Investment Advisers acquired a new position in shares of VanEck Indonesia Index ETF during the 4th quarter worth about $853,000.

VanEck Indonesia Index ETF Company Profile

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.