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

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

Vident International Equity Strategy ETF Trading Down 1.2%

The firm has a market cap of $428.29 million, a P/E ratio of 9.79 and a beta of 0.75. The company’s 50 day simple moving average is $37.10 and its 200-day simple moving average is $35.35.

Hedge Funds Weigh In On Vident International Equity Strategy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of VIDI. Strategic Blueprint LLC lifted 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 valued at $723,000 after acquiring an additional 2,660 shares during the period. Jones Financial Companies Lllp lifted 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 valued at $680,000 after acquiring an additional 4,636 shares during the period. Finally, Flow Traders U.S. LLC lifted 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 valued at $6,006,000 after acquiring an additional 127,084 shares during the period.

Vident International Equity Strategy ETF Company Profile

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.