Vident International Equity Strategy ETF (NYSEARCA:VIDI) Shares Down 0.3% – Should You Sell?

Vident International Equity Strategy ETF (NYSEARCA:VIDI)’s stock price fell 0.3% during trading on Tuesday . The company traded as low as $35.21 and last traded at $35.27. 28,015 shares were traded during trading, a decline of 56% from the average session volume of 63,401 shares. The stock had previously closed at $35.37.

Vident International Equity Strategy ETF Price Performance

The firm has a market capitalization of $409.13 million, a price-to-earnings ratio of 9.79 and a beta of 0.82. The stock has a 50 day moving average price of $33.80 and a two-hundred day moving average price of $32.29.

Institutional Trading of Vident International Equity Strategy ETF

Several hedge funds have recently made changes to their positions in VIDI. Strategic Blueprint LLC purchased a new position in shares of Vident International Equity Strategy ETF in the second quarter valued at approximately $587,000. Jones Financial Companies Lllp increased 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 buying an additional 4,636 shares during the period. Finally, Flow Traders U.S. LLC lifted its holdings 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 buying an additional 127,084 shares in the last quarter.

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.