India Internet ETF (NYSEARCA:INQQ) Stock Price Down 0.2% – What’s Next?

Shares of India Internet ETF (NYSEARCA:INQQ) fell 0.2% during trading on Friday . The stock traded as low as $15.46 and last traded at $15.60. 10,840 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 30,837 shares. The stock had previously closed at $15.63.

India Internet ETF Price Performance

The company has a 50-day moving average of $15.89 and a two-hundred day moving average of $16.05. The stock has a market capitalization of $61.00 million, a PE ratio of 57.79 and a beta of 0.60.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in INQQ. Symmetry Partners LLC boosted its holdings in India Internet ETF by 8.6% in the second quarter. Symmetry Partners LLC now owns 11,045 shares of the company’s stock worth $183,000 after purchasing an additional 875 shares during the period. Sheets Smith Wealth Management lifted its stake in shares of India Internet ETF by 3.2% in the 3rd quarter. Sheets Smith Wealth Management now owns 28,814 shares of the company’s stock worth $449,000 after acquiring an additional 904 shares during the period. Ausdal Financial Partners Inc. raised its stake in shares of India Internet ETF by 2.8% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 36,281 shares of the company’s stock worth $566,000 after buying an additional 992 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of India Internet ETF by 21.5% during the 2nd quarter. Osaic Holdings Inc. now owns 6,382 shares of the company’s stock valued at $106,000 after purchasing an additional 1,130 shares in the last quarter. Finally, Prosperity Financial Group Inc. lifted its position in shares of India Internet ETF by 3.2% during the 3rd quarter. Prosperity Financial Group Inc. now owns 39,388 shares of the company’s stock valued at $614,000 after acquiring an additional 1,211 shares during the last quarter.

India Internet ETF Company Profile

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.