India Internet ETF (NYSEARCA:INQQ) Stock Price Up 0.5% – What’s Next?

India Internet ETF (NYSEARCA:INQQ) shares were up 0.5% during mid-day trading on Tuesday . The stock traded as high as $12.92 and last traded at $12.87. 8,050 shares were traded during mid-day trading, a decline of 76% from the average session volume of 34,240 shares. The stock had previously closed at $12.80.

India Internet ETF Stock Performance

The business has a fifty day simple moving average of $12.46 and a 200 day simple moving average of $13.08. The stock has a market capitalization of $46.59 million, a price-to-earnings ratio of 57.79 and a beta of 0.68.

Institutional Investors Weigh In On India Internet ETF

A number of institutional investors have recently modified their holdings of INQQ. Royal Bank of Canada grew its stake in shares of India Internet ETF by 3.1% in the first quarter. Royal Bank of Canada now owns 49,507 shares of the company’s stock valued at $576,000 after acquiring an additional 1,474 shares in the last quarter. Cetera Investment Advisers increased its position in India Internet ETF by 15.7% during the fourth quarter. Cetera Investment Advisers now owns 69,212 shares of the company’s stock worth $1,019,000 after acquiring an additional 9,415 shares during the period. Osaic Holdings Inc. raised its stake in India Internet ETF by 40.3% in the 4th quarter. Osaic Holdings Inc. now owns 11,133 shares of the company’s stock worth $164,000 after purchasing an additional 3,197 shares in the last quarter. Ausdal Financial Partners Inc. raised its stake in India Internet ETF by 8.8% in the 4th quarter. Ausdal Financial Partners Inc. now owns 39,486 shares of the company’s stock worth $581,000 after purchasing an additional 3,205 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in India Internet ETF by 8.9% in the 4th quarter. Jane Street Group LLC now owns 132,202 shares of the company’s stock worth $1,946,000 after purchasing an additional 10,798 shares in 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.