Vident International Equity Strategy ETF (NYSEARCA:VIDI) Trading Down 1.2% – Here’s Why

Vident International Equity Strategy ETF (NYSEARCA:VIDI)’s stock price was down 1.2% on Monday . The stock traded as low as $38.15 and last traded at $38.24. Approximately 5,909 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 30,373 shares. The stock had previously closed at $38.69.

Vident International Equity Strategy ETF Trading Down 1.2%

The company’s 50 day moving average price is $37.10 and its two-hundred day moving average price is $35.35. The stock has a market cap of $428.29 million, a P/E ratio of 9.79 and a beta of 0.75.

Institutional Investors Weigh In On Vident International Equity Strategy ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIDI. Jones Financial Companies Lllp raised its stake in Vident International Equity Strategy ETF by 27.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 21,363 shares of the company’s stock worth $680,000 after acquiring an additional 4,636 shares during the period. Strategic Blueprint LLC raised its stake in Vident International Equity Strategy ETF by 13.4% during the 3rd quarter. Strategic Blueprint LLC now owns 22,520 shares of the company’s stock worth $723,000 after acquiring an additional 2,660 shares during the period. Finally, Flow Traders U.S. LLC raised its stake in Vident International Equity Strategy ETF by 211.5% during the 3rd quarter. Flow Traders U.S. LLC now owns 187,165 shares of the company’s stock worth $6,006,000 after acquiring an additional 127,084 shares during the period.

About Vident International Equity Strategy ETF

The Vident International Equity Fund (VIDI) is an exchange-traded fund that is based on the Vident Core International Equity index. The fund tracks an index of companies from both developed and emerging markets, ex-US. The fund selects and weights its constituents in a tiered structure based on various risk and fundamental measures. VIDI was launched on Oct 29, 2013 and is managed by Vident.